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Interpublic Group (IPG) reported its Q1 2023 financial results, highlighting total revenue of $2.52 billion, a 2.3% decline YoY in net revenue to $2.18 billion, and an adjusted EBITA margin of 9.7%. Net income for the quarter reached $126 million, translating to a diluted EPS of $0.33. The company anticipates achieving organic revenue growth of 2% to 4% for 2023, with a targeted full-year EBITA margin of 16.7%. CEO Philippe Krakowsky noted strong performance in media and healthcare services, but a softening in technology sector marketing. The company maintained expense discipline and repurchased 2.2 million shares at $35.50 per share during the quarter.
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