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Omnicom’s PR Revenue Grew 6.5 Percent in Q1

Omnicom earnings announcement for Q1 2012 showed an overall 6.5 percent revenue growth for the company’s PR business during the quarter, totaling $306.9 million. Organic growth was 4.4 percent for the quarter. PR accounts for 9.3 percent of Omnicom’s total revenue. Omnicom’s PR firms include Ketchum, Fleishman-Hillard, and Porter Novelli.

Global revenue for the company was up five percent for the quarter to $3.3 billion. Domestic revenue was up four percent to $1.7 billion; international revenue was up 5.9 percent to $1.6 billion. And net income was up 1.3 percent for the quarter to $204.6 million.

The earnings results were above expectations, but CEO John Wren said he was “cautiously optimistic” with Europe most at risk of any region around the world. Japan is headed in a positive direction after the earthquake and tsunami last year, reaching positive organic growth for the first time since 2010.

For more, check out the earnings release here and the complete earnings report here.

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