D&B reports double-digit gains for 2004, announces job cuts

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Short Hills, N.J.—D&B on Thursday posted double-digit revenue and profit gains for 2004. It also announced it expects to cut 400 jobs this year.

The data giant reported its core revenue rose 10% last year to $1.335 billion. Net income totaled $217.7 million, a 13% increase over 2003.

Sales and marketing solutions revenue of $368.2 million was up 8% over 2003, and e-business solutions/Hoover’s revenue rose 72% to $50 million.

Despite the gains, the company said it would continue to improve operating efficiency and find savings through technology outsourcing. As a result, it expects to eliminate 400 positions this year.

—Carol Krol

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