Jul 18

Interpublic's Revenue and Net Income Rose in Second Quarter

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Interpublic Group of Cos saw both top-line and bottom-line growth in the second quarter of 2014, the agency holding company said Friday morning.

Revenue grew 5.4% over the quarter a year earlier to $1.85 billion, according to Interpublic, which owns ad agencies such as creative shops McCann Worldgroup, FCB and Lowe and Partners; digital agencies R/GA and Huge; PR shops Weber Shandwick and GolinHarris; and media agencies Initiative and UM. Organic revenue, excluding the effects of events such as acquisitions, was up 4.7%.

Operating income increased 12% from the quarter a year prior to $195.8 million, Interpublic said, while net income increased 20.4% to $103.7 million.

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