Omnicom Group Inc. OMC reported GAAP net income of $218.4 million or 90 cents per share in the first quarter of 2016, compared with $209.1 million or 83 cents per share in the year-ago quarter. Reported earnings beat the Zacks Consensus Estimate by 3 cents. The year-over-year increase in earnings was primarily driven by higher revenues.Omnicom Group Inc. (OMC) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany RevenuesQuarterly revenues increased 0.9% to $3,499.1 million from $3,469.2 million in the year-earlier quarter. Revenues missed Zacks Consensus Estimate of $3,504 million. The increase in revenue was driven by organic growth, which contributed 3.8% to sales, partially offset by negative inorganic growth and the adverse impact of foreign exchange rates.Omnicom's earnings before interest, taxes and amortization (EBITA) in first-quarter 2016 were $420.4 million compared with $405.0 million in the year-ago quarter. EBITA margin was 12% in the reported quarter compared with 11.7% in the prior-year quarter.Operating income was $392.1 million in the reported quarter, up from $377.7 million in the year-ago quarter. Operating margin was 11.2% in the reported quarter compared with 10.9% in the prior-year quarter.Quarterly PerformanceSegment-wise, organic revenues for Advertising were up 7.9% year over year to $1,803.1 million; CRM (customer relationship management) organic revenues decreased 0.7% year over year to $1,120.5 million; PR (public relations) organic revenues of 318.8 million declined 0.9% year over year; and Specialty organic revenues of $256.7 million exhibited a 2.2% year-over-year increase.Across regional markets, North America reported growth of 4.5% in organic revenues to $2,123.2 million. Asia Pacific recorded an increase of 5.1% ($354.3 million), while organic revenues in Europe and Africa Mid East increased 3% ($552.7) and 1.7% ($56.6 million), respectively. Organic revenues from the U.K. increased 2.2% to $337 million, while Latin America reported a year-over-year decline of 7.8% to $75.3 million.Balance Sheet & Cash FlowOmnicom generated free cash flow of $345.9 million for first-quarter 2016 compared with $321.5 million in the prior-year period. The company had total debt of $4,652 million as of Mar 31, 2016, compared with $4,584 million in the prior-year period.Moving ForwardOmnicom has a healthy track record of strengthening its business and expanding its global client base through the acquisition of complementary companies. The company’s geographically diversified business mix continues to benefit from growing demand in the developing regions.Omnicom currently has a Zacks Rank #2 (Buy). A couple of stocks that look promising in the industry include The Interpublic Group of Companies, Inc IPG, YuMe, Inc YUME and Marin Software Incorporated MRIN. Marin Software and YuMe sport a Zacks Rank #1 (Strong Buy), while Interpublic carries a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report OMNICOM GRP (OMC): Free Stock Analysis Report INTERPUBLIC GRP (IPG): Free Stock Analysis Report MARIN SOFTWARE (MRIN): Free Stock Analysis Report YUME INC (YUME): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research