Infogroup reports 3% Q1 revenue drop

Share this content:

Infogroup reported revenue of $124.2 million for the first quarter of 2010, a 3% drop year-over-year.

However, the company said on May 3 that its net income for Q1 2010 was $7.3 million, an improvement over last year's $9.4 million loss. Operating income was $12.3 million for the period, compared to operating income of $2.7 million for the first quarter of 2009.

Infogroup cut its selling, general and administrative expenses by nearly $13 million year-over-year. These expenses cost $57.4 million in Q1 2010, compared to $70.1 million for the prior year. Other costs and expenses were comparable, according to the company's earning's report.

Infogroup will not hold a conference call to discuss the quarterly results due to its impending acquisition by CCMP Capital Partners, the company said in a statement. CCMP plans to take Infogroup private when the $635 million acquisition closes.

Infogroup declined further comment when reached via e-mail.

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here