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NEW YORK — Though revenue continued to decline for Razorfish, the interactive agency improved to a net gain in the first quarter.
According to the New York-based i-shop’s earnings release Wednesday, total revenues reached $11.3 million for the first quarter down from $13.8 million in the fourth quarter and $43.8 million a year earlier.
Net income for the first quarter was $2.5 million or two cents a share, including the reversal of about $1.7 million of previously recorded restructuring reserves related to settled real estate obligations.
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