RR Donnelley Reports Big Revenue Decline, Small Profit
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"We continued to be impacted by the global economic recession during the second quarter, as most of the end-markets that we serve experienced reduced demand. The pace of decline was similar to that which we experienced during the first quarter and consistent with our expectations," said Thomas J. Quinlan III, RR Donnelley's President and Chief Executive Officer. "During the first six months of 2009, our focused management of costs and working capital has resulted in cash flow from operations of over $850 million, an increase of nearly $480 million from the prior year."
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