InnerWorkings' Revenue Increased 19 Percent in First Quarter
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Additional first quarter 2010 financial and operational highlights include the following:
• For the first quarter of 2010, 70 percent of the Company's revenue was generated from sales to enterprise clients, with the remaining 30 percent derived from transactional clients.
• As of March 31, 2010, the Company had an outstanding balance of $46.5 million on its $75.0 million bank credit facility and had cash and short-term investments of $27.4 million.
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