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:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

DMALive: Getting to 360-Degree Insight

DMALive: Getting to 360-Degree Insight

A Q&A with Mark Wright, president and CEO, Targetbase.

Acxiom East?

Acxiom East?

Ogilvy & Mather launches OgilvyAmp, a think tank for data-driven marketers headed by expatriates from Little Rock's best-known data company.

Epicor to Acquire Analytics Provider QuantiSense

Epicor to Acquire Analytics Provider QuantiSense

Retail solutions provider seeks to up its data analytics game for large and midsized retailers.