 Michael Roth |
Interpublic today said Q1 revenues jumped 13 percent to $2B, sparked partly by the acquisition of Acxiom's data business.
Organic growth rose 6.4 percent. The US grew 5.7 percent organically, while international was up 7.7 percent.
CEO Michael Roth said the financial results were driven by strong performances from its global creative networks, PR and digital offerings.
The addition of Acxiom "significantly strengthened our position as it relates to helping clients succeed in a world where data-driven marketing solutions are core to brands' success," said Roth.
IPG's constituency management group inched ahead 0.3 percent to $293.6M. CMG was up 1.9 percent on an organic basis.
Andy Polansky, CEO of Weber Shandwick, said the PR components of CMG, which include Weber, Golin, DeVries Global, Rogers & Cowan and Current Global, posted low-single-digit growth on a reported basis and mid-digit organically.
Weber topped that performance, turning in mid-single growth as reported and high-single on an organic basis. The firm had 19 units posting double-digit organic growth, according to Polansky. Healthcare and technology sparked Weber's performance.
IPG's $50.2M operating profit was up 29.4 percent from the year-ago quarter.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
