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2/26/2010-Interpublic Group of Companies (NYSE:IPG) reported Q4 EPS of $0.24, inline with consensus estimates. Sales in the quarter fell 5.3% year-over-year to $1.80 billion, but came in slightly ahead of consensus estimates of $1.75 billion. “Our 2009 results reflect the impact the recession had on revenue, but also the strong focus on cost discipline brought to bear by our management teams across the organization. Looking forward, economic conditions appear to have stabilized, clients are beginning to re-focus on their brands and the tone of the business is one of cautious optimism,” said Michael I. Roth, Interpublic’s Chairman and CEO. “As important, last year our agencies received a degree of industry recognition and honors, across all marketing disciplines, that is unprecedented for our company. The strength of our professional offerings positions us to grow in step with a broader economic recovery. Our combination of contemporary, competitive agencies and highly disciplined financial management will be key in driving significantly improved profitability in 2010 and long-term success for IPG.”
Government 2.0 – International Consortium on Governmental Financial Management, November DC Forum, Manuel Pietra introduces Web 2.0 and panel: Dr. Mark Drapeau and Doug Hadden
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