Revenue up at Interpublic, IAN unit

Share this content:

The Interpublic Group of Companies' second-quarter revenue increased 4.7% organically, compared with the prior year, to $1.74 billion. The holding company's Integrated Agency Network segment, which includes agencies McCann Worldgroup, Draftfcb, Lowe & Partners and Mediabrands, saw second-quarter revenue growth of 3.9% to $1.47 billion.

IPG's second-quarter net income increased 31.3% to $109 million, compared with the same period in 2010.

IPG's operating income in the second quarter decreased 1.8% to $174 million, compared with the prior year. Operating expenses were $1.1 billion in the period, a 10.6% increase compared with the same period in 2010.

Interpublic reported first-half revenue of $3.22 billion, an organic increase of 6.8% compared with the first half of last year. IAN saw a first-half 2011 organic revenue increase of 6.5% to $2.7 billion. The holding company's first-half 2011 net income increased 335.1% to $55.7 million, compared with the first half of 2010.

IPG's first-half 2011 operating income was $128.7 million, a 9.25% increase compared with the same period of 2010, while salaries and related expenses accounted for $2.18 billion, a 10.4% compared with the year before.

Organic revenue growth represents change in revenue in constant currency without measuring the impact of acquisitions or disposals.

McCann Worldgroup retained a US Army contract that includes a full range of advertising and marketing services, including direct marketing, in early April. In early Q3, the agency network also combined MRM's Americas unit with McCann Erickson Salt Lake City. The agency also launched a New York-based practice to integrate performance analytics and marketing intelligence into its services this month.

IPG reported a first-quarter 2011 net loss of $53.2 million in April.


Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above