Interpublic profits surge as revenue bounces back

The dramatic improvement in profits from the same period a year earlier came after revenue climbed 9.4 per cent to US$1.56 billion.

Organic growth also came in at 9.4 per cent and operating margin was 6.4 per cent compared with 4.1 per cent a year earlier.

Michael Roth, Interpublic chairman and chief executive, said, "We posted another quarter of strong revenue and profit growth. Our professional offerings are fully competitive, across the full range of disciplines, including our digital capabilities.

"Though macro uncertainty remains, both domestically and internationally, we are confident that we can deliver on our operating margin target of greater than 8 per cent in 2010."

In the year to date, IPG has racked up US$2.68 billion in revenue and US$76.2 million in net income, compared with a US$35.8 million net loss in the first nine months of 2009.

This article was first published on campaignlive.co.uk.