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BOSTON Battered by the global recession thus far in 2009 but seeing some hope for improvement in the months ahead, Publicis Groupe today reported first-half revenue of $3.14 billion, down 6.6 percent in organic terms (excluding the impact of acquisitions and other factors) compared to the year-ago period.
Factoring out the impact of General Motors’ bankruptcy, revenue dropped 5.4 percent in organic terms. At current exchange rates, the dip was about 0.8 percent.
Net income for the half year slid 13 percent to $238 million.
The second quarter was, as expected, especially rough for the Paris-based holding company, and revenue during the period fell 8.6
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