WPP reports 7% increase in first-quarter revenue | WPP reports 7% increase in first-quarter revenue -
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WPP reports 7% increase in first-quarter revenue

: Monday, April 28 - 2014 @ 10:27

The world’s largest advertising group, WPP has reported a much better than expected 7% increase in first quarter like-for-like revenue growth and said it had seen a surge in new client wins due to changes in the industry, Reuters has reported. Profits, revenue margin and gross margin were all above budget, WPP said, reiterating its margin targets for the full-year. The firm, which in February lowered its 2014 profit guidance due to fierce competition, said it had enjoyed strong trading in North America and Britain and from its advertising and digital media divisions.

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Monday, April 28- 2014 @ 10:27 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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