Omnicom Sees Q2 Revenue, Profit Boost

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In another encouraging sign for the ad business, holding company Omnicom Group today beat analysts’ expectations and posted strong second-quarter results, reporting a 6 percent rise in revenue to $3.04 billion and a 4.2 percent improvement in profit to $243.3 million, compared to the same period in 2009.

Those numbers translate to a Q2 per-share profit of 79 cents, up from 75 cents vs. the same quarter a year ago. Most analysts had expected per-share earnings of 77 cents and revenue slightly less than $3 billion, per Thomson Reuters.

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