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In IMS’ quarterly SEC filings, second quarter net income of $77, 196, down 65 percent compared to second quarter of 2010 net income of $222,717. Net income per share was 1 cent, down from 2 cents in the second quarter of 2010. The company’s second quarter revenues were $3.3 million, down 8 percent from $3.6 million in the second quarter of 2010.

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