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Omnicom Net Income Increased Nearly 25 Percent in Q1

Omnicom Group, home to firms including Fleishman-Hillard, Ketchum, and Porter Novelli, reported a revenue increase of 23.6 percent for the first quarter of 2011. Net income was $201.9 million versus $163.4 million in Q1 2010.

Global revenue also increased 7.9 percent to $3.15 billion. Revenue totaled $2.92 billion for the first quarter of 2010. In the U.S., the increase was 3.8 percent to $1.65 billion versus about $1.6 billion year-over-year. Internationally, revenue increased 12.9 percent to nearly $1.5 billion. U.K. revenue increased 12.4 percent to $280 million.

PR contributed 9.1 percent to first quarter revenue, for a total of $286.4 million. That’s a year-over-year increase of 3.9 percent, with organic growth also rising 1.9 percent.

Firms that fall under the “specialty” category, including Cone in cause marketing and branding firm Interbrand, contributed $288.6 million to the revenue numbers, an 8.8 percent increase from Q1 2010 and an increase of 6.6 percent in the organic growth column.

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