Interpublic reports revenue growth of 7.1% in Q3 2015
Interpublic Group reported a revenue of USD 1.87 billion for the third quarter of 2015, compared to USD 1.84 billion in the third quarter of 2014, with an organic revenue increase of 7.1 per cent compared to the prior-year period. This was comprised of an organic increase of 7.1 per cent in the U.S. and 7.1 per cent internationally.
For the first nine months of 2015, revenue was USD 5.42 billion, compared to USD 5.33 billion in the first nine months of 2014, with an organic revenue increase of 6.5 per cent compared to the prior-year period. This was comprised of an organic revenue increase of 7.0 per cent in the U.S. and 5.9 per cent internationally.
“We are pleased to continue reporting strong results in our organic revenue growth and margin progress. Contributions to this performance came from across the portfolio – in terms of agencies, offerings, geography and client categories, all fueled by the outstanding creativity, insights and digital expertise that we have embedded throughout the group,” said Michael I. Roth, Interpublic’s Chairman and CEO.
“Our commitment to incubating new skills, developing new products and services, and investing in new technology has allowed us to stay highly relevant in today’s digital world. This gives us confidence that our offerings will remain vital to marketers as they seek to navigate the increasingly complex consumer and media landscape. Our focus on our best-in-class offerings and continued cost discipline, combined with our company’s financial strength and robust capital return programs, will continue to be a source of significant value creation. In light of the very strong performance to date through the third quarter, we believe we are on track to exceed five per cent organic revenue growth for 2015, above our previous target of 4-5 per cent, and that we are well-positioned to deliver 100 basis points of operating margin improvement, the high end of our targeted range. As always, our focus will be on the caliber of our people, the success of our clients and on further enhancing shareholder value,” Mr Roth added.
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