Omnicom reports 4.2% Q2 net income gain

Share this content:

Holding company Omnicom Group reported a 4.2% year-over-year increase in net income for the second quarter of 2010.

The company said it generated $243.3 million in net income during the quarter. Domestic revenue during that time increased 7.4% year over year to $1.64 billion. Total revenue jumped 5.9% to more than $3 billion during the period.

“First, from an overall point of view, economic growth is improving, although slowly. Second, an increasing number of our clients are now focused on growth, and we are starting to see increases in the scope of services they require,” said John Wren, president and CEO of Omnicom, during a July 20 conference call. “Third, driven by the need for disciplined innovation during the recession, our agencies are extremely well positioned to compete and win, driving both industry recognition and most importantly, some significant new business wins.”

Omnicom's CRM revenue increased 5.9% year over year, while advertising saw a 4.6% jump during the period.

“Within this [CRM] sector, a couple businesses had a better-than-expected quarter, particularly our events and sports marketing and field marketing businesses,” Randall Weisenburger, Omnicom EVP and CFO, said during the call. The FIFA World Cup had a hand in increasing revenue from events and sports marketing by 15%, Weisenburger said.


Next Article in Data/Analytics

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above