WPP reports revenues of £2.078 billion for Q1 2010

WPP has reported revenues of £2.078 billion for the first quarter of 2010, down just under 2% from last year. On a like-for-like basis, excluding the impact of acquisitions and currency fluctuations, revenues were flat with last year. The Group states that revenues have stabilised following declines of 5.8% in the same quarter last year and 7.2% in the last quarter of last year and over 8% last year.