Omnicom once again felt the impact of foreign exchange rates on its quarterly financial results, but positive organic growth continues to paint an optimistic picture for the future.

The U.S.-based holding company reported a 2.5% year-over-year drop in revenue for Q3, as well as a 3% dip in net income.

However, the company cited the impact of foreign exchange rates (specifically, a strong U.S. dollar) and a decrease in revenue from acquisitions for the declines. Revenue from organic growth, which excludes the impact of exchange rates and acquisitions, was up 2.2% for the quarter and is up 2.5% for the year so far.

Looking at organic growth within specific disciplines, healthcare increased by 9.5% in Q3, advertising increased by 3.4% and CRM Consumer Experience increased 1.8%. Organic growth in CRM Execution & Support (which covers services like field marketing, point-of-sale, sales support and merchandising) decreased by 1.5% in Q3, while Public Relations decreased by 3.8%. All of the growth in Q3 is largely in line with trends the company has seen in 2019 so far.

Region-by-region, organic growth was up by 2.7% in the United States in Q3, 2.7% for the rest of North America (and 6.9% for the year-to-date), 3.0% in the U.K., 1.6% for Europe, 0.4% for Asia Pacific and 6.6% for Latin America. Organic revenue was down 4.5% in the Middle East and Africa, though year-to-date growth for the region sits at 0.4%.

Omnicom’s media agencies in Canada include Hearts & Science, OMD, Touché! and PHD.