Deluxe revenue up, earnings down

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St. Paul, Minn.—Deluxe Corp. announced first-quarter revenue of $437 million, up 41% from $309 in the year-earlier period.

The increase reflected Deluxe’s acquisition of NEBS (New England Business Services). Revenue for its other businesses decreased $32 million.

Net income slid 19% to $39 million. The check-printing company said the decrease was primarily due to the loss of a large financial services client.

Check printing is also decreasing as the use of online payments has increased.

—Carol Krol

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