Omnicom Grows Revenue 11% in Q2

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BOSTON Shrugging off the impact of two key client losses and some slowdown in domestic growth, Omnicom Group, the largest agency holding company, today reported second-quarter net income of $307 million on revenue of $3.48 billion, both gains of approximately 11 percent compared to the same quarter a year ago.

Diluted earnings per share in Q2 rose more than 14 percent to 96 cents compared to the year-ago period.

Organic revenue, which excludes the impact of currency fluctuations and acquisitions, rose about 5 percent.

The overall performance was generally in line with analysts’ expectations.

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