PDI Reports 2014 Second Quarter Financial Results

August 13, 2014 8:13 PM

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-- Sales Services revenue of $28.1 million was $4.2 million lower than the second quarter of 2013. New contract wins from the softer RFP volume experienced in the latter half of 2013 was not sufficient to offset the natural expiration or reduction of certain contracts. -- Marketing Services revenue of $0.6 million was $1.0 million lower than the second quarter of 2013 due to fewer contract signings by Group DCA. -- Product Commercialization Services revenue of $2.9 million was $0.4 million lower than the second quarter of 2013.

-- Sales Services gross profit of $4.8 million was $0.5 million lower than the second quarter of 2013 due primarily to lower revenue and previously disclosed competitive pricing pressures. -- Marketing Services gross profit for the second quarter of 2014 was a negative $0.5 million due to the decrea...

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