Omnicom Q4 net income up 10% to $272 mn

MUMBAI: The Omnicom Group has posted a 10.3 per cent jump in its net income for the fourth quarter of the fiscal ended 31 December 2011.

The marketing and corporate communications company’s net income for the quarter stood at $271.9 million, as against $246.5 million in the corresponding quarter of the previous fiscal.

In a tough economy, the company’s worldwide revenue has seen 7.4 per cent increase to $3.85 billion, as compared to $3.59 billion in the year ago period. Company’s domestic revenue during the quarter has seen a 5 per cent increase to $1.93 billion (from $1.84 billion). International revenue increased 9.9 per cent to $1.92 billion compared to $1.75 billion in the corresponding quarter of the previous fiscal.

In category wise division, the revenue from advertising made up for 47.5 per cent of the total income at $1.83 billion followed by CRM at $1.39 billion (36.1 per cent), speciality at $318.8 million (8.3 per cent) and PR at $310.6 million (8.1 per cent) in the fourth quarter.

Geographically, United States region recorded a growth of 5 per cent at $1.93 billion. The UK recorded a growth of 5.9 per cent at $328.3 million. The Euro currency markets region was the only region to register a negative growth of 2.9 per cent with revenue of $723.3 million. The rest of the world recorded maximum growth of 25.5 per cent, garnering a revenue of $872.6 million.

Meanwhile, for the full fiscal ended 31 December, Omnicom‘s net income jumped 15.1 per cent to $952.6 million, from $827.7 million a year ago.

Revenue during the fiscal jumped 10.6 per cent to $13.87 billion, from $12.54 billion. Advertising contributed to 46.1 per cent of the total revenue at $6.40 billion while CRM made for 36.5 per cent of the yearly revenue at $5.07 billion.

PR fared better over the whole year as opposed to the fourth quarter bringing 8.8 per cent of the revenue at $1.21 billion, followed by specialty at $1.19 billion (8.6 per cent).

During the full fiscal, the other markets recorded a 30.7 per cent growth, the UK market grew at 12.5 per cent, the US markets saw 5.5 per cent growth while Euro currency markets grew at 4.9 per cent.

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