The division reported more than $541 million in revenue for the first half of 2008, which ended June 30, an organic increase of 7.6% over its 2007 figures.
IPG did not disclose second-quarter earnings for its PR business or individual companies.
IPG's PR agencies including, Weber Shandwick, GolinHarris, MWW Group, DeVries, and Carmichael Lynch Spong, “all performed exceedingly well and saw growth in existing clients and new business,” said Harris Diamond, CEO of WS and CMG.
“PR continues to have a terrific six months, and we are continuing to grow our business at a rate of approximately 10% year over year, following a very strong 2007,” he said.
Overall, IPG reported global second-quarter revenue increased by more than 11% from the $1.6 billion reported during the second quarter of 2007. Overall US revenue was up 3.5% during the second quarter. However, IPG's net income for the second quarter decreased from $137 million last year to $95 million this year.
The net income drop was largely caused by a large tax benefit for IPG during the second quarter of 2007, according to Tom Cunningham, IPG VP, corporate communications.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletinsRegister
Already registered?Sign in
Join a growing community of PRWeek comms professionals today
- Read more articles each month
- Sign up for free specialised news bulletins