InfoUSA Revenue Up 53%, but Profit Declines 20%

By Virgil Larson, Omaha World-Herald, Neb.

Apr. 21–InfoUSA Inc.’s revenue jumped by $54.8 million — 53 percent — in the first quarter with $48.1 million of the increase coming from newly acquired Opinion Research Corp.

Profits, however, fell 20 percent from the January-March quarter of 2006. The cost of goods and services more than doubled, and selling, general and administrative expenses rose sharply.

The Omaha online marketing company reported profits of $6.3 million, 11 cents a share, on revenue of $157.9 million for the quarter that ended March 31. A year earlier, profits were $7.9 million, 15 cents a share, on revenue of $103.1 million.

InfoUSA completed the $128 million Opinion Research acquisition in December.

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Copyright (c) 2007, Omaha World-Herald, Neb.

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