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Interpublic Grp Cos.


Interpublic Grp Cos is a publicly traded company having a good stock performance result. Interpublic Grp Cos is a fortune 500 stock listed company trading under IPG.

Interpublic Grp Cos was founded in 1961; Interpublic Group is comprised of hundreds of communication agencies around the world that deliver custom marketing solutions on behalf of their clients. The agencies in their group cover the spectrum of marketing disciplines and specialties.

Revenue decreased 5.1 percent in the third quarter of 2005 to 1.44 billion dollars, compared with the year-ago period. This reflects a benefit of foreign currency translation of 0.9 percent, net divestitures of 3.3 percent and organic decline in revenue of 2.6 percent. The organic revenue change was due to two major factors: client losses and deferrals of revenue from the third quarter into the fourth quarter due to application of new revenue recognition policies, which the company implemented as part of its recent restatement.

In the United States, reported revenue declined 5.5 percent, including an organic decrease of 5.0 percent, compared to the third quarter in 2004. Non-U.S. reported revenue decreased 4.4 percent in the third quarter of 2005 compared to 2004. Currency effect was 2.1 percent, net divestitures had a negative impact of 7.0 percent and the resulting organic revenue growth was 0.5 percent.

Third quarter operating loss of 96.8 million dollars, compared to a loss of 304.8 million dollars in the same period in 2004. Net loss of 101.5 million dollars, or per share in the current third quarter, compared to a net loss of 501.5 million dollars, or per share a year ago.

At September 30, 2005, cash, cash equivalents and marketable securities totaled 1.35 billion dollars, compared to 1.46 billion dollars at the same point in 2004. At the end of the third quarter of 2005, total debt was 2.3 billion dollars, the same level as at September 30, 2004. In keeping with its stated commitment to a conservative approach to financial management, after the end of this year's third quarter, the company completed an offering of 525 million dollars of convertible preferred stock.

Going forward, they remain committed to a continuing plan of action that will ensure that Interpublic remains in full compliance with current and proposed NYSE and SEC rules relating to corporate governance.
 
 

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