Traffix Inc. reported net income of $353,000 for its first quarter, down from net income of $431,000 last year.
The online database management company reported net revenue of $7.2 million for the quarter ended Feb. 29, down 21% from $9.1 million last year.
The Pearl River, NY firm attributed the decline in revenue to the March 2003 sale of its subsidiary, Montvale Management LLC, which contributed approximately $2.2 million in revenue in the first quarter of last year.
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