Omnicom Group recently reported that its first-quarter worldwide revenue rose 24% in 1998. First-quarter net income climbed 27% to $5.9 million from the same period a year ago. The company's ad agencies were the big winners at the International Advertising Festival at Cannes, with TBWA
Needham Worldwide and BBDO
Worldwide the top three winners, nabbing a total of 91 Lions. In response, its stock rose to a 52-week high of $50.75 before dropping back to Thursday's close of $50.63.