InfoUSA Reports Increase in Q4 Sales
InfoUSA's fourth-quarter net sales were $75.5 million, up from $70.4 million a year earlier. For the year, net sales fell to $288.7 million in 2001 from $305.7 million in 2000.
"Full year revenue slowed by 6 percent, a modest decline considering the impact of a weak economy, the events of Sept. 11 and the meltdown of the dot-com economy, which eliminated a significant portion of [our] Internet licensing revenues," said Vin Gupta, chairman/CEO of Omaha-based infoUSA.
InfoUSA also reported net income of $671,000 in the fourth quarter, compared with a net loss of $14.2 million a year earlier.
InfoUSA's fourth quarter and fiscal year ended Dec. 31, 2001.
Gupta said conservative estimates show 2002 revenue of $300 million.
He said company objectives for the year include:
• Variable pricing for the company's database based on the value of each record.
• Reducing the debt and de-leverage.