Business News

Omnicom Reports Second Quarter 2008 Results

Tuesday 22. July 2008 - Omnicom Group Inc. (NYSE:OMC) today announced that net income for the second quarter of 2008 increased 11.0% to $307.0 million from $276.7 million in the second quarter of 2007.

Diluted earnings per share in the second quarter of 2008 increased 14.3% to $0.96 per share from $0.84 per share in the second quarter of 2007.

Worldwide revenue increased 11.2% to $3,476.9 million from $3,126.1 million in the second quarter of 2007. Domestic revenue for the second quarter of 2008 increased 5.5% to $1,751.3 million compared to $1,659.7 million in the second quarter of 2007. International revenue increased 17.7% to $1,725.6 million compared to $1,466.4 million in the second quarter of 2007.

Net income for the six months ended June 30, 2008 increased 12.2% to $515.6 million from $459.7 million in the same period in 2007. Diluted earnings per share for the six months ended June 30, 2008 increased 16.7% to $1.61 per share in 2008 from $1.38 per share in the same period in 2007.

Worldwide revenue for the six months ended June 30, 2008 increased 11.8% to $6,672.3 million from $5,966.7 million in the same period in 2007. Domestic revenue for the six months ended June 30, 2008 increased 6.5% to $3,412.5 million from $3,203.5 million in the same period in 2007. International revenue for the six months ended June 30, 2008 increased 18.0% to $3,259.8 million from $2,763.2 million in the same period in 2007.