Q3 2010 Bright for Omnicom

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By Kiran Aditham Comment

Omnicom chief exec John Wren’s smile is probably as wide as Sir Sorrell’s today as the former’s agency holding company boasted a net income increase of 5.4 percent to $174.6 million in Q3 2010, up from $165.6 million in the third quarter of 2009.

Omnicom’s worldwide revenue for the nine months ending Sept. 30, 2010, meanwhile, jumped 5.9 percent to $8,955.7 million, up from $8,454.9 million in the same period last year. In a statement during the earnings call, Wren said that he was “pleasantly surprised” by growth in the U.S. during the quarter and renewed strength in parts of Europe like the U.K. and France. For a full rundown of the numbers, click here.

More: “Omnicom Earnings Report: Year Over Outlook is Down