Interpublic H1 2014 revenue gets a boost from UK, beats estimate

IPG_LogoInterpublic Group of Cos Inc reported better-than-expected quarterly revenue, boosted by strong growth in the UK and higher ad spending in its core U.S. market. The company, whose agencies include McCann Erickson and FCB, said it was well positioned to exceed organic growth target of 3-4 percent for the current year.

Second quarter 2014 revenue was $1.85 billion, compared to $1.76 billion in the second quarter of 2013, with an organic revenue increase of 4.7% compared to the prior-year period. This was comprised of an organic revenue increase of 7.1% internationally and 2.9% in the U.S.

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