Question-and-Answer Session
Operator
Thank you. (Operator instructions). Our first question comes from Alexia Quadrani with J.P. Morgan. Alexia, your line is open.
Alexia Quadrani – J.P. Morgan
Thank you. Can you provide a bit color I guess on the revenue decline in the quarter, I know you highlighted auto in the events business adding about 400 basis points to decline, but even without that the decline in Q2 was dramatically worse in Q1, if you could maybe give us a bit detail behind that. And then second question is given the weakness in June and a more difficult comp in Q3, any reason we shouldn't expect revenue declines in Q3 might be worse than that?
Michael Roth
Thank you, Alexia. The important thing to note that in June, our business continued to grow, if you will. The issue is the comps versus last year, we had a very strong second quarter last year, and therefore it accounts for a good percentage drop that you are seeing right now. It's not that the business has fallen off a cliff which is what you would first see. So we continue to see June versus May to be stronger as we have in the past. Q3 continues will be a difficult comp as well. Last year Q3 was very difficult, which was very positive, which makes it difficult to overcome, which is why we are looking at it on a full year basis, and that's why we believe that given on a full year basis, the negative ten, 10.5% is the organic number that we believe for the full year. And what's important to note is that we believe that given that decline we can maintain or bring our margins within 7% to 7.5%.
Alexia Quadrani – J.P. Morgan
When you look at Continental Europe that looks like it got much weaker, I know you said event business had a difficult comp in UK, but was there a difficult comp in Continental Europe also in the quarter, were any other verticals beside tech and telecom that ?
Michael Roth
I think the tech and telecom is an important vertical that we've seen some challenges in. And particularly some of our key clients we had a major pull back in terms of spend plus some additional pitches that we were in, we were not successful, which is why we believe the offerings are in fact competitive and the fact that for example McCann won the recent Pink Microsoft engagement was important to us to make sure that we are still competitive. But there is no question that, that particular sector contributed to a decline as well.
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