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Interpublic Group's net income more than tripled in the first half of the year, thanks to solid revenue and earnings growth in the second quarter.
Second-quarter net income grew 24 percent to $99.4 million, from $79.9 million in the same period last year. Revenue for the quarter grew 5 percent to $1.85 billion.
The company closed the first half with net income of $78.5 million—a jump up from $20.7 million a year ago. First-half revenue grew nearly 6 percent to $3.48 billion.
Interpublic CEO Michael Roth attributed the gains to the competitiveness of IPG's agencies.
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