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VistaPrint Boosts Revenues 30 Percent

May 3, 2010  By

Vistaprint has just announced its fiscal 3rd quarter 2010 results, ended March 31, 2010, which saw the company boost its revenues 30 percent over the same quarter in the previous year.

The quarter saw revenues hit $166 million, which when taking out the factor of currency exchange fluctuations, still reflects a gain of 25 percent. Operating income for the quarter was $17.8 million, an 11 percent increase compared to its 2009 numbers.

“Vistaprint delivered strong third quarter revenue in line with our guidance,” said Robert Keane, President and Chief Executive Officer. “Our earnings performance exceeded our expectations due to strong gross margins and lower than anticipated expenses during the quarter. We continued to execute toward our accelerated investment plans for the fiscal year, although the timing of some of our investments has shifted into the fourth quarter. We are pleased with our results and believe that we remain well positioned to continue to drive competitive advantage and deliver strong financial results for years to come.”

Other figures of note released by the company include the fact, that in the quarter, the company acquired 1.6-million new customers, which represented 33 percent of the company’s business that quarter. The company had, on average, 54,000 orders daily in the quarter, a significant boost of 23 percent over the previous year’s quarter. During the quarter, the company started offering luggage tags, folded business cards, consumer Websites and recycled paper options for business cards and postcards.

By the end of its fiscal year, the company said it expects to make capital expenditures of between $95 and $100 million, which includes expansion of the company’s manufacturing plant in Windsor, Ontario, and a new manufacturing base in Australia, to be operational in the company’s first fiscal quarter of 2011.

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