Interpublic Group Of Companies Inc (IPG) has reported a 22.01 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $317.60 million, or $0.78 a share in the quarter, compared with $260.30 million, or $0.63 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $303.60 million, or $0.75 a share compared with $272.10 million or $0.66 a share, a year ago.

Revenue during the quarter grew 3.11 percent to $2,264.50 million from $2,196.20 million in the previous year period. Total expenses were 78.58 percent of quarterly revenues, down from 79.22 percent for the same period last year. This has led to an improvement of 64 basis points in operating margin to 21.42 percent.

Operating income for the quarter was $485.10 million, compared with $456.40 million in the previous year period.

"Across the board, 2016 was a successful year, in which we posted strong financial results, continued to build our digital and integrated offerings, and garnered the highest level of recognition for the creativity and effectiveness of our work in over a decade. We grew organically in every region of the world, with notably strong performance in the U.S., and with broad participation from across our agencies, disciplines and client sectors," said Michael I. Roth, Interpublic's chairman and chief executive officer.