This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Interactive Data Reports First-Quarter 2010 Results

Interactive Data Corporation (NYSE: IDC) today reported its financial results for the first quarter ended March 31, 2010. Interactive Data’s first-quarter 2010 revenue increased 5.8% to $196.9 million from $186.0 million in the first quarter of 2009. Income from operations in the first quarter of 2010 was $44.5 million, an 8.0% decrease from $48.3 million in the same period one year ago. Net income attributable to Interactive Data for the first quarter of 2010 was $29.5 million, or $0.30 per diluted share, a decrease of 7.6% over net income of $31.9 million, or $0.33 per diluted share, in the first quarter of 2009.

“Interactive Data’s revenue grew by 5.8% in the first quarter of 2010 thanks to the contributions from our recent acquisitions, the positive impact from foreign exchange and another good quarter of new sales and revenue growth for our fixed income evaluations, reference data, and web-based solutions,” stated Ray D’Arcy, Interactive Data’s president and chief executive officer. “Our income from operations for the first quarter was affected by several factors. First, we incurred approximately $3.4 million in costs associated with the review of strategic alternatives, which reduced net income by approximately $2.2 million. Second, higher capital spending in prior periods and our recent acquisitions increased depreciation and amortization expenses by $3.6 million. Third, personnel costs increased as a result of expanding our fixed income evaluations organization in 2009 to address continued demand, and implementing our annual merit-based salary increase in January 2010 after deferring this action last year. In addition, our expense base reflected the addition of our newly acquired businesses.”

D’Arcy continued, “We were pleased to see that our overall organic revenue growth rate for the first quarter of 2010 improved over fourth-quarter 2009 levels as our core markets continued to stabilize. Our Pricing and Reference Data business continued to experience solid demand for its fixed income evaluations and reference data services. In addition, we produced another strong quarter of revenue growth for our web-based solutions in the U.S. and experienced an improved revenue performance with our fixed income analytics offerings. These dynamics offset expected revenue softness from our real-time market data services and eSignal product areas. Our recent acquisitions of the Online Financial Solutions (OFS) and 7ticks assets are important elements in our plan to help drive top-line growth and improved long-term profitability in our real-time business by expanding our penetration within the electronic trading and wealth management sectors. In addition, we continued to make tangible progress with key development initiatives that are designed to further elevate our value proposition to customers worldwide, including our ongoing efforts to significantly enhance our award-winning global Global Corporate Actions service and the introduction of our new Options Analytics service.”

1 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $118.03 -0.71%
FB $105.41 -0.31%
GOOG $748.15 -0.02%
TSLA $229.64 5.22%
YHOO $33.16 0.61%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs