Omnicom sees increase in first quarter revenue
Global marketing and communications group Omnicom is breathing some moderate optimism into the advertising market. The company announced that its revenue for the first quarter of 2010 increased by 6.4% year on year. While this was coupled to a small reduction in profit, the news was received well.
“income for the first quarter of 2010 decreased 0.7% to$163.4 million from $164.5 million in the first quarter of 2009. Omnicom’sdiluted net income per common share in the first quarter of 2010 decreased 1.9% to $0.52 per share from $0.53 per share in the first quarter of 2009. Worldwide revenue for the first quarter of 2010 increased 6.3% to $2,920.0 million from $2,746.6 million in the first quarter of 2009. Domestic revenue for the first quarter of 2010 increased 3.9% to $1,592.8 million compared to $1,532.3 million in the first quarter of 2009. International revenue for the first quarter of 2010 increased 9.3% to $1,327.2 million compared to $1,214.3 million in the first quarter of 2009.”
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