InfoUSA Q3 Profit, Revenue Rise

Share this content:
Third-quarter profit for infoUSA grew to $8.1 million versus $5.0 million in Q3 2004, as revenue rose to $95.5 million from $90.2 million, according to the company's earnings report for the quarter ended Sept. 30 released this week.


The Omaha, NE, database marketing services provider reported operating income of $15.2 million, up from $10.1 million for the third quarter of the prior year.


Year-to-date revenue for fiscal 2005 was $284.4 million, up 12 percent from $254.8 million. The company reconfirmed its revised guidance for fiscal 2005 of $370 million to $380 million in revenue.


"We were pleased with the performance of our subscription products during the first nine months of this year," infoUSA chairman/CEO Vin Gupta said in a statement. "By converting our small business customers to subscription, we are creating a recurring revenue stream. This conversion to subscriptions will continue to be our key focus and growth strategy for the foreseeable future."


Meanwhile, investment group and infoUSA minority investor Dolphin Limited Partnership, Stamford, CT, issued an open letter to infoUSA shareholders Oct. 25 based on its continuing quest to gain access to infoUSA books and records. Dolphin owns 1.5 million shares, or 2.8 percent, of infoUSA's common stock.


Dolphin issued a Sept. 19 request for infoUSA records and subsequently initiated an action in a Delaware court to expedite the process. The request stems in part from an abandoned attempt by Gupta to take the company private.


On June 13, Gupta announced his proposal to pay $11.75 in cash for each outstanding share of infoUSA common stock he does not own. Vin Gupta & Co. LLC is controlled by Gupta, who owns 38 percent of the stock. The proposal was withdrawn Aug. 24 after Gupta's offer was not favored by the company's special committee of the board of directors.


Kristen Bremner covers list news, insert media, privacy and fundraising for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters


close

Next Article in Data/Analytics

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

Relive the 2017 Marketing Hall of Femme

Click the image above