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- Revenue of$48.0 milliondeclined 7.9 percent year-over-year due primarily to lower check order volumes.
- Operating income declined 3.7 percent year-over-year as a result of lower revenue, partially offset by cost reductions.
Other Highlights
- Cash provided by operating activities for the first quarter of 2014 was$73.3 million, an increase of$21.8 millioncompared to 2013, driven primarily by changes in working capital, lower performance-based compensation payments and improved earnings.
- During the first quarter, the company repurchased$31.9 millionof stock in open market transactions.
For the complete report, visit www.deluxe.com.
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