Net Income Falls at Interpublic
Submitted by Anonymous (not verified) on Fri, 02/14/2014 - 14:46Net income fell at Interpublic Group last year—both in the fourth quarter and for the full year—despite revenue gains in each period. Revenue grew 3 percent in Q4 to 2.12 billion and 2 percent for the year to 7.12 billion, compared to the same periods in 2012. On an organic basis, revenue rose nearly 4 percent in the quarter and about 3 percent for the year. That said, net income for the year slid to $259.2 million from $435.1 million in '12. And for the quarter, net income fell from $313.3 million in '12 to $193.1 million in 2013.