DoubleClick Delivers On Q1 Expectations, Launches Research Business, and Expands Email Capabilities; Q1 Revenues Up Year on Year; DoubleClick Japan IPO Expected in Q2 2001.
Business Wire › April 12, 2001
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DoubleClick Delivers On Q1 Expectations, Launches Research Business, and Expands Email Capabilities; Q1 Revenues Up Year on Year; DoubleClick Japan IPO Expected in Q2 2001.
Business, Technology, Advertising & Media Editors
NEW YORK--(BUSINESS WIRE)--April 12, 2001 DoubleClick Inc. (Nasdaq: DCLK), the leading digital marketing solutions company, today announced financial results for the first quarter of 2001, and provided a business outlook for the remainder of the year. DoubleClick exceeded consensus analyst expectations despite a weak online advertising environment. DoubleClick also met key strategic goals, launching its Research unit, Diameter; positioning DoubleClick for leadership in the email business through its pending acquisition of FloNetwork Inc.; and realigning its Global Media offerings into two new networks. DoubleClick reported revenue of $114.9 million for the first quarter of 2001, an increase of 4% over the same period last year. Gross profit for the first quarter of 2001 was $64.5 million, a 12% increase over gross profit of $57.6 million in the first quarter of 2000. Exclusive of certain non-cash and non-recurring items, pro forma net loss was $10.5 million for the first quarter, with pro forma EPS of ($0.08)...See the full content of this document
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