InfoUSA First-Quarter Revenue to Exceed Forecast

Share this article:
InfoUSA, Omaha, NE, a database marketing company, expects its first-quarter results to exceed the company's forecast, rebounding from fourth-quarter 2000 levels.


Preliminary results for the first quarter indicate that revenue will exceed $73 million, compared with $70.4 million in fourth-quarter 2000. Because of cost-cutting measures implemented during December and January, the company expects earnings to be more than $25 million for the first quarter, compared with $9.3 million for fourth-quarter 2000.


"In light of current economic conditions, we are very pleased with the strength in revenues and [earnings] that we experienced during the first quarter," said Stormy Dean, chief financial officer at infoUSA. "We believe this underscores the heightened quality of our customer service and increased productivity of our sales force. It also validates the wisdom of our cost-cutting measures over the past two quarters."


The company plans to report first-quarter 2001 earnings on April 16 before the market opens.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in News

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

App of the Week: CardsApp

App of the Week: CardsApp

The app lets users select loyalty cards on their phone or smartwatch to display QR codes at check out time.

Rakuten Marketing Moves to a Unified Platform

Rakuten Marketing Moves to a Unified Platform

Omni experience consolidates all channel offerings into a single platform and dashboard to provide better management of the customer funnel.

Hawk Search Widens its Global Reach

Hawk Search Widens its Global Reach

Hawk Search's solution offers support for more than twice as many languages as other site search providers, according to the company.