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| Philippe Krakowsky |
Interpublic posted a 1.5 percent growth in Q3 revenues to $2.3B and a 4.9 percent rise in net income to $251.8M. Organic growth jumped 5.6 percent.
CEO Philippe Krakowsky said gains were made in all of Interpublic’s world regions, driven by contributions across its portfolio.
“Embedding digital across the portfolio and adding a layer of data and tech to our offerings have been important parts of our playbook, as has our commitment to strong agency brands and industry-leading talent,” he said.
Despite the uncertain macroeconomic and geopolitical outlook, Krakowsky boosted the firm’s full-year organic growth projection to 7 percent.
Interpublic’s specialized communications group, which includes Weber Shandwick, Golin, Current Global, Rogers & Cowan/PMK, United Minds, DeVries Global and DXTRA Health, showed 4.4 growth to $344.9M for the quarter and a 7.8 percent advance organically.
For the nine-month, the group shattered the billion mark as revenues were up 7.9 percent and 10.4 percent organically.
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Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
