PR business down from second quarter for Omnicom

NEW YORK: Omnicom Group today reported that PR generated $317.8 million for the third quarter of 2007, down from the $321.7 million it generated in Q2 of this year. However this quarter's PR revenue does represent an increase of 9.7% over Q3 of 2006. During its Q3 earnings conference call, Omnicom said that PR was responsible for 10.2% of the company's revenue for the quarter. For the year, PR represents 10.3% of the company's overall revenue. Net income for the third quarter of 2007 increased 14.2% to $202.2 million from $177.1 million in the third quarter of 2006. Worldwide revenue increased 11.8% to $3,101.4 million from $2,774.3 million in the third quarter of 2006, while domestic revenue for the third quarter of 2007 increased 7.4% to $1,654.9 million compared to $1,540.5 million in the third quarter of 2006.

NEW YORK: Omnicom Group today reported that PR generated $317.8 million for the third quarter of 2007, down from the $321.7 million it generated in Q2 of this year. However this quarter's PR revenue does represent an increase of 9.7% over Q3 of 2006. During its Q3 earnings conference call, Omnicom said that PR was responsible for 10.2% of the company's revenue for the quarter. For the year, PR represents 10.3% of the company's overall revenue. Net income for the third quarter of 2007 increased 14.2% to $202.2 million from $177.1 million in the third quarter of 2006. Worldwide revenue increased 11.8% to $3,101.4 million from $2,774.3 million in the third quarter of 2006, while domestic revenue for the third quarter of 2007 increased 7.4% to $1,654.9 million compared to $1,540.5 million in the third quarter of 2006.

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