Publicis, Omnicom Report Growth

Fueled by a strong new-business performance, Publicis said last week that its first-half net income grew 49 percent to $156 million on a 4.5 percent revenue increase to $2.3 billion, compared to the same period a year ago. Factoring out the impact of currency fluctuations and acquisitions, Publicis’ organic growth for the first half was more than 6 percent, the holding company said. Publicis said it won more than $6 billion in new business during the first half of the year, including key assignments from General Motors and Telefonica. Also last week, Omnicom reported a 10 percent gain in second-quarter net income to $226 million on a 9 percent increase in revenue to $2.62 billion, compared to the same period a year ago. Omnicom’s net income for the first half of this year was up 10 percent to more than $376 million, compared to the year-ago period. Gains in Omnicom’s second quarter international and domestic revenue were 8 and 9 percent, respectively. For the first half of 2005, Omnicom’s global revenue rose 8 percent to slightly more than $5 billion, compared to the first six months of 2004.CFO Randy Weisenburger said Omnicom has tallied $1.2 billion in new business billings so far in 2005 from account wins such as Nextel, Levitra and Cisco.