By Kevin McCauley
Omnicom today reported a 16.7 percent rise in Q3 net income to $203.7M on a 12.9 percent rise in revenues to $3.4B.
The Fleishman-Hillard, Porter Novelli and Ketchum-led PR group showed a 9.7 percent revenue gain to $307.1M during the quarter. PR was up 6.9 percent to $905.2M.
CEO John Wren spent a healthy $343M for `11 acquisitions, $72M of that account were "earn-outs."
During Q3, OMC acquired India’s Sampak, which had been a Ketchum affiliate; TouchCast, a digital brand activation company in New Zealand; Biz Group, an integrated marketing services shop in Ho Chi Minh City and Jump, a below-the-line communications firm in Amsterdam.
OMC’s nine-month profit increased 17.1 percent to $680.7M and revenues rose 11.9 percent to $10B.
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