Epsilon Sees 17 Percent Revenue Increase
Epsilon said yesterday that revenues for the quarter ending June 30 increased 17.1 percent to $28.7 million, up from $24.5 million for the year-earlier period.It also said that earnings before interest, taxes, depreciation and amortization for the quarter increased 176 percent to $8.4 million from $3 million a year ago.
According to the Burlington, MA-based marketing services provider, its performance is a result of its Marketing Solutions Provider business model that combines marketing and technology experience.
Other announcements regarding second quarter financial results include:
· Revenues for the six-month period ended June 30 increased 21.5 percent to $59.2 million, which is up from $48.7 million from the same time period last year.
· EBITDA for the six-month period ended June 30 increased 295 percent to $18 million from $4.6 million in the year-ago period.
"Although direct response business traditionally decreases in the second quarter, the balance in our business model and the value we are providing to our clients reduced the magnitude of the impact," said Michael Iaccarino, Epsilon's chief financial officer. "These strong results are particularly gratifying in light of today's difficult economic climate."
