Cimpress N.V. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2015. For the quarter, revenue was $496,274,000 compared to $439,905,000 a year ago. Income from operations was $67,609,000 compared to $59,888,000 a year ago. Income before income taxes was $65,139,000 compared to $66,712,000 a year ago. Net income was $58,060,000 compared to $62,862,000 a year ago. Net income attributable to company was $58,388,000 or $1.80 diluted per share compared to $63,609,000 or $1.89 diluted per share a year ago. Net cash provided by operating activities was $133,959,000 compared to $138,224,000 a year ago. Purchases of property, plant and equipment was $19,156,000 compared to $18,268,000 a year ago. Purchases of intangible assets were $45,000 compared to $60,000 a year ago. Free cash flow was $109,090,000 compared to $115,986,000 a year ago. Adjusted net operating profit after tax was $82,500,000 against $67,136,000 a year ago.

For the six months, revenue was $872,022,000 compared to $773,837,000 a year ago. Income from operations was $79,694,000 compared to $76,747,000 a year ago. Income before income taxes was $78,340,000 compared to $92,361,000 a year ago. Net income was $67,321,000 compared to $86,279,000 a year ago. Net income attributable to company was $68,398,000 or $2.07 diluted per share compared to $87,303,000 or $2.62 diluted per share a year ago. Net cash provided by operating activities was $159,676,000 compared to $190,844,000 a year ago. Purchases of property, plant and equipment was $43,549,000 compared to $34,952,000 a year ago. Purchases of intangible assets were $402,000 compared to $145,000 a year ago. Free cash flow was $107,222,000 compared to $148,298,000 a year ago. Part of the significant year-over-year growth in GAAP net income is due to below-the-line currency movements that created losses in the year-ago period but gains in the current period. Adjusted net operating profit after tax was $98,862,000 against $89,747,000 a year ago.