Interpublic Group of Cos., New York, said first- quarter net income was $27.6 million, a 25.4% increase over the same period last year. Gross income for the quarter rose 22.8% to $733.5 million. Gross income growth from U.S. operations, at 37.2% in the quarter, outpaced gross income growth from international operations, which was 11.1% (a 21.5% gain before adjusting for the strong U.S. dollar, Interpublic said). Billings from new business gained in the quarter totaled $523 million, an 11% increase over the same period a year ago.
Copyright April 1998, Crain Communications Inc.