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Newsbrief
Revenue Up for Workflow Management
Workflow Management, Palm Beach, Fla., reported a 19.7 percent increase in revenue for its first quarter. Revenue was $141.8 million, compared to $118.5 million a year ago. Net income, however, dropped to $1.5 million from $3.4 million last year.
Management attributed the decline in net income to weakness in the envelope and direct mail sectors of the print industry. The company expects its strategy of converting clients to become multi-product purchasers via its iGetSmart system to power substantial and consistent improvement in financial results.
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