WPP revises forecast up, as sports events spur optimism

04/27/2012 | Wall Street Journal, The

WPP raised its financial expectations slightly, encouraged by stronger-than-expected first quarter revenue growth of 7.6% to $3.9 billion, led by Asia and Latin America. The holding company now says conservative year-over-year forecasts of 4% revenue growth will likely be slightly higher. CEO Sir Martin Sorrell says that he sees more optimism in the market, possibly because of the upcoming Olympics and soccer championships.

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