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NEWS7 February 2013

With profits up, Harris looks to tune ‘sales engine’

Financials North America

US — Revenue continued to decline year-on-year at Harris Interactive in the three months ended 31 December, however profitability continued to improve.

Quarterly revenue was down 5% to $37.1m – compared to a 12% decline in the previous quarter – while operating income grew 30% to $3m and net income shot up 81% to $2.9m.

For the six months to December, revenue was down 9% to $70.1m, and operating income was $4.8m compared to a $2m loss the prior year. Profits were $4.6m.

CEO Al Angrisani (pictured) said the profitability improvements positioned the firm to pay off all remaining bank debt by the year end.

He added: “As our turnaround continues, the major task that remains is to continue to strengthen the sales engine of the company by focusing our sales efforts on our core product strengths as well as some of our new product offerings.”

@RESEARCH LIVE

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