Jul
18
Omnicom Posts Second-Quarter Profit of $290 million
Posted in: Uncategorized
Omnicom Group on Thursday reported a small uptick in profit in the second quarter of 2013, results which the company said met internal expectations.
The parent company of creative networks such as BBDO, DDB, and TBWA and media agencies PHD and OMD, posted a 2.4% increase in net income to $289.5 million for the second quarter, up from $282.7 million for the same quarter in the prior year.
Worldwide revenue increased 2.1% to $3.64 billion from $3.56 billion in the second quarter of 2012. U.S. revenue for the second quarter of 2013 increased 2.4% to $1.9 billion. International revenue increased 1.9% to $1.73 billion.
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