By Kevin McCauley
Omnicom today reported a 13.1 percent rise in second quarter net income to $275M on a 14.7 jump in revenues to $3.5B.
Its Fleishman-Hillard, Porter Novelli and Ketchum-led PR operation grew 7.1 percent to $311.7M in Q2, outpaced by the $1.6B advertising unit, which was up 18.5 percent, and the $1.2B CRM operation, up 15.1 percent.
The PR division registered a 1.3 percent increase in organic growth for the latest quarter.
OMC CEO John Wren spent $277M for acquisitions during the first-half, $44M of that amount were “earn-outs.” Synergy, London-based scientific communications shop, was the biggest pick-up for the quarter. It is now part of DDB Health.
For the first-half, OMC earned $477M (+17.3 percent) and recorded revenues of $6.6B (+11.4 percent).
OMC’s stock trades at $48.43. Its 52-week range is between $51.25 and $34.68.
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