IRI Performance Stabilises

Information Resources, Inc has reported results for the fourth quarter and year ending December 31, 2000 showing US revenue stabilising as costs have been reduced with a strong performance improvement in international operations.

For the quarter ended December 31, 2000, IRI reported net income, before restructuring and other charges, of US$0.3 million or US$.01 per diluted share. This compares to a net loss, before restructuring and other charges, of US$(0.4) million .

For the full year 2000, IRI reported net income, before restructuring and other charges, of US$0.4 million or US$.02 per diluted share compared to net income, before restructuring charges, of US$1.2 million or US$.04 per diluted share in 1999. Including the impact of restructuring and other charges of $13.6 million, IRI reported a net loss of US$(7.5) million.

According to Joe Durrett, Chairman and CEO, "During the year, the company's record of client retention and new client gains in domestic and international markets was strong and we believe we are better positioned than we were a year ago. Investments in data delivery technology, better analytic and retail capabilities, and an improved client service model provide a basis for further advances in 2001."

Durrett added "The consumer packaged goods industry is undergoing consolidation, creating both opportunities and challenges for IRI. Within this environment, we had positive results on many fronts. We're selling more value added analytic work than ever before; the international business is progressing well; and we realized our fourth consecutive quarter of year-over-year U.S. cost reductions."