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WPP Group revised its 2012 forecast upward as it reported like-for-like revenue rose 4 percent in the first quarter. The Dublin-based company now expects “slightly better” growth of over 4 percent this year and a stronger second half.
Like-for-like revenue excludes the financial impact of acquisitions and currency fluctuations.
WPP’s reported revenue in dollars climbed 5.5 percent to $3.76 billion in the quarter. The company also said first-quarter profits, which it is not required to disclose, and operating margin are above budget and ahead of last year.