Industry News

Deluxe Reports 1Q 2014 Financial Results

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By: Bridget Klebaur

Director of Performance + Engagement / Chief Performance Officer, Office of the Commissioner, NYC Department of Design and Construction

Deluxe Corporation announced its financial results for the first quarter ended March 31, 2014. Revenue increased 5.0% year-over-year, to $407 million, with the strongest performance in the Small Business Services segment, which grew 8.7%, followed by Financial Services, which grew 2.2%. Revenue from marketing solutions and other services increased 20.5% year-over-year and accounted for 22% of total revenue in the quarter. Gross margin was 64.4% of revenue, down from 65.6% in the first quarter o...

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