Digital River Inc. reported net income of $14 million for the first quarter, up $7.6 million last year.
The online marketing services firm reported revenue of $54.5 million for the quarter ended March 31, up 71% from $31.9 million last year.
“Digital River started 2005 with a record revenue and earnings performance,” said Joel Ronning, CEO of the Minneapolis company. “Our ability to consistently execute against our strategic plan continues to translate into revenue and profit growth for our clients, increased income and cash flow for our company, and value for our shareholders.”
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