Omnicom Sees 2Q Revenue, Profit Boost
Adweek, Tuesday, July 20, 2010 11:29 PM
In another encouraging sign for the ad business, holding company Omnicom Group, parent of BBDO, DDB and OMD, today beat analysts expectations and posted strong second-quarter results, reporting a 6% rise in revenue to $3.04 billion and a 4.2% improvement in profit to $243.3 million, compared to the same period in 2009.
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Good domestic numbers helped propel the performance overall. U.S. revenue rose 7.4 percent, compared to a 4.3 percent gain overseas. Researchers of late have forecast an improved global ad market following nearly two years of recession and stagnation, and today's Omnicom numbers appear to support such projections.
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