DoubleClick See Profits Jump 29 Percent in Q2

Share this content:
DoubleClick yesterday reported a second-quarter profit of $5.8 million, a 29 percent increase over last year. For the second quarter of 2002, the company made $4.1 million.


The New York marketing services and technology provider reported revenues for the second quarter of $63.6 million, a 5.8 percent increase over the first quarter, but a 16 percent decline year over year largely because of the divestitures of media, DoubleClick Japan and research businesses in 2002.


DoubleClick's operating expenses for the second quarter were $32.1 million, a decline of 45 percent versus $58.4 million in the second quarter of 2002. Total company headcount at the end of the second quarter was 1,082, down 15 percent from 1,270 at the end of the second quarter of 2002.


The company's expenses also declined in the second quarter of 2003 because of last year's business divestitures, as well as other cost-cutting initiatives, DoubleClick said.


The company ended the quarter with $873.2 million in cash and marketable securities and had a net cash position of $580.2 million.


"During the quarter, we were able to successfully complete a convertible bond offering, continue to build our suite of marketing technology tools through the acquisition of a data management company, as well as sign on large customers," DoubleClick CEO Kevin Ryan said in a statement. "In addition, we eliminated some excess real-estate exposure in New York, which will help cash flow in future quarters."


close

Next Article in Digital Marketing

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