LONDON: WPP reported that PR and public affairs revenue totaled approximately $347.7 million, up 9.3% from the year before. WPP revenue among all its groups totaled $3.25 billion, up 8.5%.
Excluding acquisitions and changes in currency, total revenue for the company rose 3%.
In a statement announcing the latest financial results, WPP said the “second, more severe leg of the financial crisis, which started a few months ago, has had the most impact on the communications services market of the United States and the United Kingdom."
WPP CEO Martin Sorrell reportedly ordered a hiring freeze across all of the company's subsidiaries. When asked to elaborate on the freeze, however, Howard Paster, EVP of WPP's PR and public affairs division, declined to comment.
Besides WPP's PR and public affairs results, the holding company's advertising and media investment management totaled $1.48 billion, up 10.3%; information, insight, and consultancy $465.8 million, up 5.5%; and branding and identity, healthcare, and specialist communications $949.7 milllion, up 6.9%.