Deluxe Corp. reported net income of $39 million for the first quarter, down from $48 million last year.
The direct marketer and check printer reported revenue of $437 million for the quarter ended March 31, up from $309 million last year.
“The loss of a major client in November 2004 as well as continued pricing pressure in our financial services segment, will make comparisons between the rest of this year and 2004 unfavorable,” said CEO Lawrence J. Mosner in a statement.
Network
