Revenues up at Deluxe Corp.

Marketing solutions and other services posted a nearly 30 percent increase in sales.

July 27, 2012 at 2:37AM

Slowing declines in its check business helped Deluxe Corp. report stronger sales and profits during its second quarter.

The St. Paul-based company said Thursday that revenue grew 7 percent to $371 million and net income rose 19.2 percent to $42.3 million.

Lee Schram, the company's chief executive officer, said that revenues were up because of better-than-expected check decline rates and revenue growth from its recent OrangeSoda acquisition.

Deluxe provides a variety of services to small businesses and financial institutions, including customized checks and forms and website development and hosting. The company also sells checks directly to consumers. It saw particularly strong growth during the quarter in its small business services division, which was up 14.8 percent compared with last year. Marketing solutions and other services revenue increased 29.9 percent.

Jim Buchta • 612-673-7376

about the writer

about the writer

Jim Buchta

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Jim Buchta has covered real estate for the Star Tribune for several years. He also has covered energy, small business, consumer affairs and travel.

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