Omnicom Posts 5.3% Rise in Q2 Organic Revenue

Net drops because of foreign exchange rates

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Omnicom, hit by foreign exchange rates, said second-quarter revenue declined 1.7 percent to $3.8 billion.

The continuing strength of the U.S. dollar drove revenue down by 7.1 percent or $275 million.

Organic revenue rose 5.3 percent, with company chief John Wren telling analysts that growth exceeded company expectations.It increased 5.9 percent in North America, 5.4 percent in the U.K., 3.9 percent in Europe, 7.6 percent in Asia Pacific and 11.9 percent in Africa and the Middle East, the company announced today.

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