Exchange Rates Help Omnicom Boost Earnings

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NEW YORK Omnicom Group on Tuesday reported 2 percent gains in net income and diluted earnings per share for the second quarter to $191 million and $1.02, respectively, compared with the same period a year ago. Favorable exchange rates played a key role in helping the holding company improve its numbers.

Omnicom’s global revenue during the quarter surged more than 12 percent to $2.1 billion, with 6.6 percent of that growth attributed to foreign exchange gains.

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