Although its fourth quarter revenues declined 4%, InfoGroup reported $728.3 million in revenues for the 2008 fiscal year ending Dec. 31, which reflects a 7% increase compared to the previous year. The figures are unaudited.
InfoGroup reported $178.1 million in fourth quarter revenues, down from $185.8 million in the fourth quarter of 2007.
Revenues in its services and marketing research groups each increased 20% in fiscal 2008, which were $163.8 million and $265.5 million, respectively.
During the fourth quarter the services group revenues rose 13%, but declined 4% in the marketing research group.
InfoGroup reported $309 million in revenues for its data group for fiscal 2008, compared to $330.5 million for fiscal 2007.
The company paid $10.7 million severance payments to former CEO Vin Gupta and $4.9 million for his legal expenses in 2008. It spent another $1.5 million in severance costs associated with the restructuring of its Direct Media division.
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