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Harte-Hanks First Quarter Up on “Spectacular” DM Results

Harte Hanks Inc. generated $25.1 million in net income during first quarter 2005, up from $18.8 million a year ago. Its revenue rose from $236.3 million to $268.3 million during the same period

Harte Hanks Inc. generated $25.1 million in net income during first quarter 2005, up from $18.8 million a year ago. Its revenue rose from $236.3 million to $268.3 million during the same period. The quarter ended March 31.

“The first quarter for direct marketing was nothing short of spectacular, with revenue up 17.4% and operating income up 57.6%,” said Richard Hochhauser, the San Antonio, TX-based firm’s CEO in a statement.

Hochhauser continued, “Our high-tech/telecom and select vertical markets had strong revenue performances, with growth in excess of 20% over the prior year, and retail also was strong with low teens growth. Financial was up in the low-single digits, and pharma/healthcare was down in the mid-single digits.”

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