1. IPG Posts 11% Revenue Gain.
- Subjects
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CORPORATE profits , *TAX benefits , *ACCOUNTING problems & exercises - Abstract
The article reports on the 11% increase in the second-quarter revenue of Interpublic Group of Cos. in 2008 which is attributed to higher spendings by clients in Asia and Great Britain. According to the article, the actual figure reported a drop from $137 million to $95.1 million but the figure for 2007 included an $80 million tax benefit. Interpublic has been on a turnaround mode after accounting problems resulted in some key account losses but the company claims that it is still on track to meet its full year margin target of 8.5% to 9%.
- Published
- 2008