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Omnicom Posts ‘Better-Than-Expected’ Q4 Results

Sir Marty isn’t the only smiling from his holding company’s 2010 results as John Wren‘s Omnicom, parent company of BBDO, DDB, TBWA, Goodby, you get the idea, reported that Q4 global revenue rose 10 percent to nearly $3.6 billion, up from $3.27 billion the year before.

The new global revenue tally tops Wall Street analysts’ estimates of $3.44 billion. Meanwhile, revenue from its U.S. business alone rose nearly 13 percent to $1.84 billion. As far as fourth-quarter 2010 net income goes, Wren & Co. racked up $246.5 million, compared with $229.6 million in 2009. Fiscal year total? $827.7 million.

Wren seems positive enough, telling those in on the earnings call, “We believe our 2010 results demonstrate significant progress. As we look into 2011 and beyond, we feel confident in how we’re positioned. We’re excited by the growth prospects we see around the globe.”

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