NEW YORK: Omnicom, the world's largest agency holding company, is trumpeting a revenue increase in its PR operations for the first quarter. Omnicom's PR firms accounted for almost 11% of the company's revenue in the first three months, according to a recent statement. PR revenue increased from $221.9 million in the FQ 2003 to $239.2 million for the same period in 2004.
New York-based Omnicom's PR firms include Ketchum, Fleishman-Hillard, Brodeur Worldwide, Gavin Anderson, and Porter Novelli.
Net income increased 17% in the FQ 2004 to $135.6 million from the same period last year, according to the Omnicom statement. Worldwide revenue increased 15% to $2.2 billion, and revenue from U.S. operations was also up over the FQ 2003, from nearly $1.1 billion to $1.2 billion.
Omnicom did not return calls on May 10.