Infogroup Q4 2009 revenues drop 11%
The company also saw a $2.4 million net loss during the fourth quarter of last year. During the same period of 2008, it posted net income of $2.4 million.
For Infogroup's 2009 fiscal year, which runs concurrently with the calendar year, the data company saw unaudited revenue of $499.9 million, a 15.1% drop from 2008 when it posted revenues of $588.7 million.
The database giant reported a net loss of $6.8 million for FY 2009. For the 2008 fiscal year, its net income was $4.8 million.
Late last year, Infogroup amended CEO Bill Fairfield's employment agreement to renew quarterly. It retained Evercore Partners in December 2008 to evaluate a possible sale.
Infogroup also combined e-mail unit Yesmail and digital services arm Walter Karl Interactive into one entity, known as Infogroup Interactive, last month. Last fall, it merged its nonprofit-focused units into one direct marketing services provider called Infogroup Nonprofit.