NEWS17 August 2012

Harris Interactive reports revenue fall of 8.2% for 2012

Financials North America

US— Harris Interactive has reported a $13.2m fall in revenues for the 2011/12 financial year – equivalent to an 8.2% decline compared to the same period in the last full-year results.

The company says the figures reflect its decision to discontinue its Asian operations and included restructuring and other charges of $7.5m, compared with $5.1m for the same prior-year period – of this, $2.2m accounted for the fourth quarter alone.

Despite the negative figures, the company says it has performed better than expected overall.

Al Angrisani (pictured), president and CEO of Harris Interactive, said: “I am pleased to report that we exceeded our full-year fiscal 2012 guidance with $12.1 million of adjusted EBIDTA with add backs. This represents more than a 70% improvement in adjusted EBITDA with addbacks from the previous year and the completion of a successful first year of the turnaround effort.

“Our efforts in year two of the turnaround will be focused on profitably growing Harris, with emphasis in the US on the Harris Poll, our Custom Solutions Group and the Harris Interactive Service Bureau, as well as select areas of our international business.”