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Business

Omnicom's Organic Growth Reached 7.2 Per Cent in Its Third Quarter With Interpublic. It Has Spent $3.2 Billion on Buybacks This Year, $857 Million More Than Its Free Cash Flow.

Omnicom said on 22 October that third-quarter revenue rose 59 per cent to $6.42 billion, mostly because it now owns Interpublic, and that its continuing businesses grew 7.2 per cent organically. Adjusted earnings per share rose 22 per cent to $2.73. The company repeated that it is on track for $900 million of cost savings from the merger this year.