1220 GMT - WPP saw spending by technology companies pick up in the first quarter, CEO Mark Read says in an interview, signaling a comeback from a client group that had been a headwind for the U.K. advertising company for the better part of the past two years. Tech and digital services companies account for nearly 18% of WPP's revenue less pass-through costs, making it the company's second biggest client sector after consumer-packaged goods. In the first quarter, WPP's revenue less pass-through costs from tech and digital services clients was up 4.5% on a like-for-like basis. Overall, the company reported a 2.7% decline in like-for-like revenue less pass-through costs. Shares fall 0.5%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 25, 2025 08:20 ET (12:20 GMT)
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