(Reuters) - Advertising firm Interpublic Group of Cos Inc (IPG.N) reported a 3.1 percent rise in quarterly revenue on Friday, as businesses in the United States continued to spend more on advertising.
The company said net income attributable to shareholders rose to $317.6 million, or 78 cents per share, in the fourth quarter ended Dec. 31, from $260.3 million, or 63 cents per share, a year earlier.
Net revenue rose to $2.26 billion from about $2.20 billion.
The company also said the board approved an additional $300 million toward a share repurchase program.
Excluding items, Interpublic earned 75 cents per share.
Reporting by Aishwarya Venugopal in Bengaluru; Editing by Martina D'Couto