National Research Corporation reported a 17% increase in revenue to $36.4 million and a 32% increase in operating income to $12.2 million for the second quarter of 2021. The company's cash balance increased to $48.9 million. Revenue growth was attributed to new customer sales and increased sales to the existing client base.
Total Recurring Contract Value grew by 5% to $149.8 million.
Revenue increased by 17% to $36.4 million.
Operating Income increased by 32% to $12.2 million.
Cash balance increased to $48.9 million at the end of the second quarter.
The company expects to leverage available liquidity and free cash flow to support additional M&A activity and provide returns to shareholders through dividends.
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