Omnicom Remains Omnipotent, Posts Double Digits
Omnicom, the parent of the OMD and PHD media networks, and ad agencies like BBDO and DDB, reported net income of $183 million, marking an increase of 10.4% over the $165.7 million it had during the first quarter of 2007.
Worldwide revenue increased 10.8% to $2,840.6 million from $2,562.9 million in the first quarter of 2006. Domestic revenue for the first quarter of 2007 increased 7.7% to $1,543.9 million compared to $1,433.0 million in the first quarter of 2006. International revenue increased 14.8% to $1,296.7 million compared to $1,129.9 million in the first quarter of 2006.
Omnicom typically does not detail the performance of its operating units in its earnings releases, but is likely to make comments later today outlining specific areas of growth.