2 September 2020
DATA Turns a Profit With 8% Sales Loss
BRAMPTON—
Canada's 4th largest printer has struggled for the last several years
Canada's 4th largest printer has struggled for the last several years
 Data Communications Management (DCM) net income for the three months ended June 30, was $4.2 million compared to a net loss of $3.8 million for the same period in 2019. Net income for the six months ended June 30,  was $6.4 million compared to a net loss of $4.1 million for the same period in 2019. For the three months ended June 30, 2020, DCM recorded revenues of $63.9 million, a decrease of $5.7 million or 8.2% compared with the same period in 2019.
Michael Cote President of DCM
Michael Cote President of DCM
For the six months ended June 30, 2020, DCM recorded revenues of $141.4 million, a decrease of $6.8 million or 4.6% compared with the same period in 2019. "Revenues from our large, enterprise clients have proven to be, for the most part, quite resilient through the first half of 2020.  In fact, year over year growth from our core enterprise clients has helped offset revenue declines we experienced in the second quarter amongst our smaller, more transactional-focused clients, including clients in certain retail sectors.  These smaller clients have been most affected by the COVID-19 pandemic,” said Michael Coté, President.  
 
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