Digitas Posts Strong 2nd Quarter as Losses Fall

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Digitas has reported a 59 percent boost in revenue, to $70.1 million, for the quarter that ended June 30.
The Boston relationship marketing firm said its second quarter loss fell to $5.3 million, compared with a loss of $12.3 million for the same period in 1999.
Second-quarter pro-forma cash earnings were $5.1 million, or 7 cents per fully diluted share, compared with $1.4 million, or 2 cents per share, for the same period a year ago.
David Kenny, chief executive officer of Digitas, said the results reflect the “sustainability of our business model; in particular, our ability to attract top-tier clients.”


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