Net Income Declines at IPG

Revenue, however, grew in Q2 and first half

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

Profits at Interpublic Group declined in the both the second quarter and first half of 2013, despite revenue growth. The company blamed costs associated with new-business efforts and softness in continental Europe, particularly in June.

Second-quarter revenue grew more than 2 percent to $1.76 billion, with U.S. operations leading the way (up more than 3 percent on an organic basis), Interpublic reported today. International organic revenue for the quarter, however, was flat.

Net income for the period declined 19 percent to $79.9

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in