infoGROUP (IUSA) Posts Encouraging Third Quarter Figures
QualityStocks (November 3rd, 2009) Writes:
infoGROUP, a marketing solutions provider which utilizes data-driven solutions to help companies leverage information, issued an unaudited report Nov. 2 on its third quarter 2009 (ending Sept. 30, 2009) earnings.
Showing high marks for revenue, net income and continued reduction of debt, the report was reviewed in an infoGROUP hosted conference call available at its corporate website. Among the details of the glowing report is a marked debt reduction of $6.3 million, which infoGROUP’s CEO Bill Fairfield said demonstrated his Company’s effort to “generate profitable revenue growth during these tough economic times, reduce our debt quarter over quarter and reinvest in the business by building new products and services for the future.”
GAAP Results
infoGROUP’s 3Q 2009 revenue was up 3% from 2Q; however, revenue is still down 14%, to $125 million, from the same period last year. Operating income is just the opposite, showing a turnaround from the same period
...3m, Bill Fairfield, ceo, Cfo, data-driven solutions, infoGROUP, Investing Lessons, Small & Micro Cap, Tom Oberdorf, USD


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