Omnicom Had a Favorable Q3

  • SHARES

By Kiran Aditham Comment

It’s that time of year again and results are in from Omnicom, which announced that its net income for the third quarter of 2011 increased 16.7 percent to $203.7 million from $174.6 million in the same period last year. If you’re still in the mood to compare this year to last, Omnicom’s worldwide revenue increased 12.9 percent to $3,380.9 million, which yet again, is up from $2,994.6 million in the third quarter of 2010.

Among other things during today’s conference call, Omnicom chief John Wren said, “We’re very pleased with the operating performance of our business and the progress we’re making towards our strategic priorities. Looking forward, our performance will clearly be affected by a number of external factors: the ability of European leaders to deal with the region’s sovereign debt problems, Washington’s ability to foster economic growth and the role of that rapidly growing economies in Asia and other parts of the world will play, not only economically, but politically.”

Check out the rest of the transcript here.