Omnicom’s Q2 Revenue Rises 11%

BOSTON Riding strong domestic and international performances, Omnicom Group today said its global net income for the second quarter rose 13.4 percent to nearly $277 million on an 11 percent revenue increase to $3.13 billion, compared to the same period a year ago.

Diluted earnings per share for the quarter improved more than 18 percent to 84 cents per share from 71 cents per share in Q2 2006.

Domestic revenue in Q2 increased 8 percent to $1.7 billion; international revenue rose almost 14 percent to $1.47 billion.

For the first six months of 2007, Omnicom said worldwide net income rose 12 percent to $460 million on an 11 percent gain in revenue to nearly $6 billion, compared with the first half of 2006. (Domestic and international revenue so far this year are up 8 and 14 percent, respectively.)

The company’s performance has been generally strong across the board, with the sole lag coming in specialty services, which are down 3.5 percent in terms of overall revenue this year. CRM (14.5 percent), public relations (13 percent) and advertising (12 percent) are all on the rise.

Omnicom holdings include global agency networks BBDO, DDB, TBWA; national agencies such as Goodby, Silverstein & Partners, GSD&M, Martin/Williams and Merkley + Partners; and media companies like OMD and PHD.