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IPG CEO Michael Roth reported “another quarter of solid financial performance” during the holding company’s quarterly earnings call this morning, signaling confidence for the second half of the year despite less-than-stellar organic growth in the U.S. market.
During the second quarter of this year, IPG experienced 3% organic net revenue growth (excluding results from Acxiom, the data marketing firm it bought last July).
Internationally, organic net revenue grew 6.5%, but in the U.S., only 0.6%.
Roth attributed the latter figure to last year’s account losses, including McCann’s loss of the U.S.
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