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Fourth-quarter revenue was up 2% to $1.0 billion and net income dropped 18% to $90.1 million, or $0.44 per share on an adjusted basis. Results were only in line with expectations, but it's the first sales growth the company has had in six years so that's why investors got so excited today.
The digital commerce solutions business grew 17% last quarter and that's the big bright spot for investors to point to. It gave management enough confidence to predict earnings from continued operations of $1.75-$1.90 per share next year, compared to an expectation of $1.82 from Wall Street.
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