InnerWorkings Announces Second Quarter 2011 Results
Record quarterly revenue reflects 29 percent year-over-year growth; Company raises revenue guidance
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• Second quarter 2011 net income was negatively impacted by a one-time $950,000 preference claim liability accrual related to a client bankruptcy in 2008. Excluding this one-time item, second quarter 2011 non-GAAP net income was $4.3 million, an increase of 36 percent compared to net income of $3.1 million in the year-earlier period. Please refer to the non-GAAP reconciliation table below for more information.
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