Apr
21
Omnicom Revenue Hit by Foreign Exchange Rates in First Quarter
Posted in: Uncategorized
Omnicom Group’s net income for the first quarter of 2015 increased 1.8% from a earlier to $209.1 million, the New York-based agency-company giant reported Tuesday morning.
Its organic revenue, excluding one-time factors such as acquisitions and external forces such as currency fluctuations, increased 5.1% from the first quarter of last year. But overall global revenue slipped 0.9% to $3.47 billion due to the impact of foreign exchange rates, the company said.
The results met analyst expectations of a 1% decline in revenue to $3.47 billion, according to Yahoo Finance.
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