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| John Wren |
Omnicom’s Q2 revenues grew 8.5 percent to $3.9B, while operating income advanced 7 percent to $600M.
CEO John Wren said OMC recorded a “strong quarter” that sets it up for a solid finish of the year.
"Our cash flow improved, and we continued our very disciplined capital allocation,” he said. “With exceptional new business wins and exciting new work for our clients, we expect to finish the year with strong momentum.”
The PR group of Marina Maher Communications, Portland, Mercury, Porter Novelli, Ketchum, and FleishmanHillard posted 5.6 percent quarterly growth to $414.4M. Organically, it rose 4.3 percent.
For the nine-month period, the segment jumped 5.3 percent to $1.2B, and inched ahead by 1.4 percent on an organic basis.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
Omnicom CEO John Wren reports Q1 revenues from “core operations” rose 6.7 percent to $5.6B, driven in part by a 3.9 percent boost in organic growth.
