 Michael Roth |
Interpublic today reported second-quarter revenues rose 6.2 percent to $1.9B and operating profit jumped 10.4 percent to $249.2M as client spending remained strong in the US and accelerated overseas.
CEO Michael Roth said an "exceptional performance in media and at our creativity-led integrated agencies, as well as contributions from our digital services, PR, events and sports marketing" units drove IPG's robust results.
Net organic growth rose 5.6 percent during the quarter. The US was up 4.6 percent, while international increased 7.2 percent.
The constituency management group, which includes Weber Shandwick, Current, DeVries Global, Golin and Rogers & Cowan, rose 6.2 percent for the quarter, and 3.7 percent on an organic basis.
Weber Shandwick CEO Andy Polansky told O'Dwyer's the PR component of the CMG operation registered "mid-single-digit growth on a reported basis" during the quarter and "low-single-digit growth organically."
WS posted double-digit organic growth in 11 international markets. Polansky emphasized that China returned to double-digit growth during the period. Client spending in the healthcare and technology categories remained on the upswing.
Roth, who noted the $2.3B acquisition of Acxiom Marketing Solutions announced earlier this month, said IPG is "well-positioned to execute on the many opportunities that come with unrivaled industry resources to data management, capabilities that are key to driving future growth for our clients."
He bolstered IPG's full-year organic growth target to the 4.0 percent to 4.5 percent range.
For the first-half, IPG's revenues jumped 6.0 percent to $3.7B and operating profit moved ahead 10.6 percent to $288M.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
Stagwell CEO Mark Penn reported Q4 net revenues dipped 5.6 percent to $551.1M during a “challenging year for marketing services and digital transformation.”
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WPP reported Q4 revenues inched ahead 0.3 percent to $4.1B as CEO Mark Read wrapped up a year that he said was more challenging than expected due to cutbacks, mainly by technology clients.
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