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WPP said at its annual meeting on Tuesday that public relations and public affairs are up 2% over the first five months in 2010, an slight improvement over the company’s advertising and media investment management businesses, which saw 1.7% growth over the same time period.

In December 2009, WPP CEO Martin Sorrell projected that 2010 revenues would be flat.

“It has been a pretty bumpy ride – and it is not over yet,” said chairman Philip Lader. “Nor, in one sense, will it ever be over. There is never a time in a competitive market such as ours when our companies can sit back and relax and let the business roll in.”

WPP’s PR holdings include Hill & Knowlton, Ogilvy Public Relations Worldwide, Burson-Marsteller and Cohn & Wolfe.