Revenue Grows at IPG, but Company Still Records a Loss

Q1 organic growth approaches 6%

Revenue grew overall and organically at Interpublic Group in the first quarter of 2015, but the company still recorded a net loss.

The loss totaled $1.8 million, but that's a vast improvement from the same quarter last year, when the net loss was $20.9 million.

The most positive result came in organic revenue, which grew nearly 6 percent compared to Q1 2014. That was fueled by the U.S., where organic growth exceeded 6 percent. In overseas markets, the growth was around 5 percent. The overall figure exceeded the expectations of advertising analysts and outstripped the rate of growth at rivals such as Publicis Groupe, WPP Group and Omnicom Group.

Interpublic ended the quarter with $1.68 billion in revenue, up 2 percent from $1.64 billion in the same period last year.

In a statement, CEO Michael Roth cited the organic growth and "particular strength in the U.S., as well as significant growth in Asia and the U.K."

Roth added that the company remained committed to its full-year promises of 3-4 percent organic growth and improving the operating margin by 80-100 basis points. IPG ended the quarter with an operating margin of 10.7 percent, up from 10.5 percent at the end of the last quarter of 2014.