InnerWorkings Announces Record Second Quarter 2012 Results
New global offering drives record quarterly revenue and 29 percent year-over-year growth.
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
InnerWorkings,%20Inc.,<%2Fa><%2Fstrong>%20a%20leading%20global%20marketing%20supply%20chain%20company,%20reported%20results%20for%20the%20three%20months%20ended%20June%2030,%202012.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.goprintandpromo.com%2Farticle%2Finnerworkings-announces-record-second-quarter-2012-results%2F" target="_blank" class="email" data-post-id="2736" type="icon_link">
Email
Email
0 Comments
Comments
Additional second quarter 2012 financial and operational highlights include the following:
- 75 percent of the company's revenue was generated from sales to enterprise clients, with the remaining 25 percent derived from sales to middle market clients.
- As of June 30, 2012, the company had an outstanding balance of $73.0 million on its $150 million bank credit facility and retained cash and short-term investments of $12.8 million.
“The company’s financial position is strong and continues to be supported by robust organic revenue growth,” said Joseph M. Busky, chief financial officer of InnerWorkings. “Despite the investments we are making to broaden the company’s platform and support large new clients, both domestically and internationally, we remain well positioned to generate additional leverage as the year progresses.”
0 Comments
View Comments
Related Content
Comments