NEWS3 May 2013

Harris Interactive sees sales challenge after flat results

Financials North America

US — Market research firm Harris Interactive has reported flat sales for the year-to-date and third quarter.

Revenues for Harris’ fiscal Q3 were $33.6m compared with $34.1m in 2012 while for the nine months ending 31 March 2013, revenues came in at $103.7m compared with $111m the previous year.

Operating income improved at $1.1m in Q3 as opposed to a $0.4m loss in the previous third quarter 2012, while year-to-date saw an operating income of $6m compared with a $2.3m loss in 2012.

As a result, the company has raised its adjusted EBITDA guidance for the fiscal year ending 30 June 2013 to between $14m and $15m with a full fiscal 2013 revenue guidance of between $139m and $141m.

Harris Interactive president and CEO Al Angrisani said: “Sales remain a challenge, but essentially flat year-to-date sales versus the prior year are indicative of a gradual improvement across many, but not all, of our business units.”