Parent company of Perceptive Software reports lower profits
04/22/2014 11:35 AM
04/22/2014 3:39 PM
Lexmark International Inc., the parent company of Shawnee-based Perceptive Software, reported a 27 percent decline in first-quarter earnings.
The company, based in Lexington, Ky., reported a profit of $29.3 million, or 46 cents a share, down from $40 million, or 62 cents a share, a year earlier. Revenue slipped slightly to $877.7 million.
However, Lexmark said the business unit that includes Perceptive Software reported an 18 percent increase in quarterly revenue and accounted for 28 percent of the company’s total revenue for the three months ending March 31. Revenue in this unit is expected to exceed $1 billion this year, the company said.
Perceptive, which has about 800 area employees, will move into a new headquarters in Lenexa later this year.
Join the Discussion
The Kansas City Star is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.