October 22, 2019 / 11:23 AM / 23 days ago

Interpublic Group posts 8.7% rise in revenue

(Reuters) - Interpublic Group of Cos Inc (IPG.N) reported an 8.7% jump in quarterly net revenue on Tuesday, as the U.S. advertising company benefited from higher client spending.

Net income available to the company’s common stockholders rose to $165.6 million, or 42 cents per share, in the third quarter ended Sept. 30, from $161 million, or 41 cents per share, a year earlier.

Net revenue rose to $2.06 billion from $1.89 billion.

Reporting by Ambhini Aishwarya in Bengaluru; Editing by Sriraj Kalluvila

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