Vistaprint, the company that is currently advertising 250 business cards for $10 on Australian television ads, saw a 16 per cent growth in global revenue to US$348.3m over the second quarter (Oct-Dec) 2012-13 compared to the prior year.
Gross margin (revenue minus the cost of revenue as a percent of total revenue) in the second quarter was 67.2 per cent, compared to 66.8 per cent in the same quarter a year ago.
Operating income in the second quarter was US$33m, or 9.5 percent of revenue, and reflected a slight increase compared to operating income of US $32.5m, or 10.9 percent of revenue, in the same quarter a year ago.
Excluding the impact of currency exchange rate fluctuations revenue grew 17 percent year over year, while excluding the impact of currency exchange rate fluctuations and revenue from acquisitions it grew by 14 per cent,
Capital expenditures in the second quarter were US$27.6m, or 7.9 per cent of revenue. As of December 31, 2012, the company had US$64.7m in cash and cash equivalents and US$230.5m in long-term debt, with $157m remaining under its credit facility.
Vistaprint operates in the US, Europe and the Asia Pacific, where its manufacturing plant is located in Melbourne, operating Roland 700 offset and Indigo digital presses. The company is entirely web-to –print, and targets what it calls micro-businesses and the general public.
