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Omnicom, buoyed by its “strongest” results of 2010, said fourth-quarter net income rose 7.4 percent to $246.5 million on a 9.8 percent increase in revenue to $3.6 billion.
In a call to analysts, Omnicom chief John Wren singled out the company’s U.S. performance where organic growth was 12.7 percent, an increase that exceeded Omnicom’s internal forecast.
“Looking forward, our outlook remains positive but cautious,” Wren said. “The midterm elections have signaled a renewed focus on fiscal restraint and a reduction in the level of anti-business rhetoric from Washington .
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