Omnicom PR up for Q1

NEW YORK: Omnicom Group today reported that PR generated $294.2 million in the first quarter of 2007, representing an increase of 13.6% over Q1 of 2006.

NEW YORK: Omnicom Group today reported that PR generated $294.2 million in the first quarter of 2007, representing an increase of 13.6% over Q1 of 2006.

PR represented 10.4% of the holding company's overall revenue for the quarter.

"PR remained very strong," said Randall Weisenburger, EVP and CFO of Omnicom in Tuesday's earnings call.

Net income for the quarter increased 10.4% over 2006 to $183 million. Overall revenue in Q1 increased $277.7 million to $2.8 billion, an increase of 10.8%, compared to the same period in 2006.

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