Infogroup reports 3% Q1 revenue drop

Share this article:

Infogroup reported revenue of $124.2 million for the first quarter of 2010, a 3% drop year-over-year.

However, the company said on May 3 that its net income for Q1 2010 was $7.3 million, an improvement over last year's $9.4 million loss. Operating income was $12.3 million for the period, compared to operating income of $2.7 million for the first quarter of 2009.

Infogroup cut its selling, general and administrative expenses by nearly $13 million year-over-year. These expenses cost $57.4 million in Q1 2010, compared to $70.1 million for the prior year. Other costs and expenses were comparable, according to the company's earning's report.

Infogroup will not hold a conference call to discuss the quarterly results due to its impending acquisition by CCMP Capital Partners, the company said in a statement. CCMP plans to take Infogroup private when the $635 million acquisition closes.

Infogroup declined further comment when reached via e-mail.

Share this article:

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

SAP Ramps Up Canadian Cloud Investment

SAP Ramps Up Canadian Cloud Investment

It's one of 16 new data centers the software company will open this year to meet a 39% increase in demand for cloud services.

Top 5 Spending and Investment Insights from Marketers

Top 5 Spending and Investment Insights from Marketers

Confidence in data-driven marketing led marketers to set high Q1 2014 goals.

MeritDirect Introduces Predictive Marketing Suite

MeritDirect Introduces Predictive Marketing Suite

New solutions include next logical product and customer lookalike modeling. The long-time direct marketing player announces it will open a San Jose office in September.