11% Revenue Rise at Omnicom

BOSTON Omnicom Group posted an 11 percent global revenue rise to almost $2.85 billion and a 10 percent gain in earnings to $183 million (or $1.09 a share) in the first quarter, compared to the same period a year ago.

Organic revenue, excluding the impact of currency fluctuations and acquisitions, rose nearly 7.5 percent.

In the U.S., revenue rose almost 8 percent to $1.55 billion, while international revenue soared 15 percent to $1.3 billion.

Traditional advertising grew 11 percent, outpaced by customer relationship marketing and public relations, which both rose about 14 percent.

The healthy Omnicom numbers came a week after rival WPP posted a sluggish first-quarter performance. WPP blamed an 11 percent decline in the value of the U.S. dollar against the U.K. pound sterling for basically flat Q1 revenue of about $2.74 billion compared to the same period a year ago.

On an organic basis, excluding acquisitions and currency fluctuations, WPP’s Q1 revenue improved nearly 4.5 percent, while the upturn was almost 6.5 percent on a constant currency basis, the holding company said.

The London-based company, led by CEO Martin Sorrell, also said operating margins and profitability for Q1 were on track to attain its full-year margin target of 15 percent.

Both WPP last week and Omnicom today noted robust growth in their Asian operations.