Omnicom reported first quarter 2014 PR revenues grew 1.2% to $325.4M on an organic basis, outpaced by advertising (+4.9%, $1.7B) and customer relationship management (+4.2%, $1.2B).
Revenue across all units in Q1 rose 3% to $3.5B, including 4% in the US to nearly $1.9B and 1.9% internationally to $1.6B. Net income was essentially flat -- $205.5M, compared with $205.1M a year earlier.
OMC, which owns PR firms like Ketchum, Porter Novelli and FleishmanHillard, took $7M in pre-tax charges during the period related to its merger with Publicis Groupe.
Omnicom has set its annual meeting for FH's Washington, D.C., office on May 20.
OMC debt tops $4B against cash/investments of $2B.