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(July 10, 2001) -- Ad solutions company DoubleClick, New York, announced financial results for the second quarter today.

The company reported revenue of $101.9 million for the second quarter of 2001, a 20% drop from the same period last year. Gross profit for the quarter was down to $55.5 million, a $13 million decrease over gross profit of $68.5 million in the second quarter of 2000. Pro forma net loss was $9.5 million for the quarter with pro forma earnings per share of 7 cents.

The company also reported that the DoubleClick Networks generated global media revenue of $33.8 million, a decrease of 51% vs. the same period last year due to the downturn in online ad spending coupled with the absence of AltaVista revenues. -- Adrienne Mand

Copyright July 2001, Crain Communications Inc.

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