Revenue up at Interpublic, IAN unit
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.