InnerWorkings Announces Third Quarter 2011 Results
Record quarterly revenue reflects 32.5 percent year-over-year growth; Company raises 2011 guidance.
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Additional third quarter 2011 financial and operational highlights include the following:
• 72 percent of the company's revenue was generated from sales to enterprise clients, with the remaining 28 percent derived from transactional clients.
• As of Sept. 30, 2011, the company had an outstanding balance of $53.2 million on its $100 million bank credit facility and retained cash and short-term investments of $11.3 million.
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