Omnicom Posts 8% Revenue Gain for '05

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NEW YORK Spurred on by a big new-business year, Omnicom Group today reported 2005 net income of more than $790 million on revenue of nearly $10.5 billion. Those figures represent 9 and 8 percent improvements over the company’s performance in 2004.

For the fourth quarter, net income rose 7 percent to $253 million on a 5 percent revenue increase to $2.94 billion, compared to the same period a year ago.

Key wins at Omnicom agencies last year included Bank of America, Sprint Nextel, Comcast, BMW, Levitra and Lowe’s home improvement centers.

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