Interpublic Group reported $2.1 billion in revenue in Q2, with organic growth of 3%.
The organic growth number excludes revenue from data and analytics firm Acxiom, which it acquired in December.
The holding company’s revenue increased by 9.1% on an as-reported basis in the period, as well as net income of $169.5 million, up 16.9%. IPG’s profit and revenue numbers beat analysts’ estimates, according to Zacks.
IPG owns healthcare networks McCann Health and FCB Health along with agencies such as Healix, Golin, Virgo Health and ReviveHealth. The holding company cited healthcare among its growth areas in Q2.
“Our results in the second quarter were led by strong top- and bottom-line performance in media, as well as growth from our global creative networks and our public relations and digital offerings,” Interpublic CEO Michael Roth said in an earnings statement. “Our second quarter was also highlighted by growth across a broad range of client sectors, including healthcare, financial services, consumer goods and retail.”
In Q2, the holding company’s revenue was driven by overseas markets, with international organic growth of 6.5%, compared with 0.6% in the U.S.
Organic growth represents change in revenue without taking into account the impact of acquisitions or disposals.
