Interactive Data Reports Second-Quarter 2010 Results
Interactive Data Corporation (NYSE: IDC) today reported its financial results for the second quarter ended June 30, 2010. Interactive Data’s second-quarter 2010 revenue was $194.0 million, a 4.9% increase over $185.0 million in the second quarter of 2009. Income from operations in the second quarter of 2010 was $35.5 million, compared with $50.6 million in the same period one year ago. Net income attributable to Interactive Data for the second quarter of 2010 was $25.2 million, or $0.26 per diluted share, compared with net income of $33.1 million, or $0.34 per diluted share, in the second quarter of 2009.
“Interactive Data’s second-quarter 2010 revenue growth of 4.9% primarily reflects improving organic revenue performance as well as the contribution from our recent acquisitions,” stated Ray D’Arcy, Interactive Data’s president and chief executive officer. “We continue to be pleased with the ongoing strength displayed within our fixed income evaluations and reference data services, particularly in the U.S. In addition, we continued to experience growth in our web-based solutions and fixed income analytics product areas. Our overall progress was partly offset by challenges that persist in certain parts of our business, such as our eSignal services for active traders and our real-time market data services. We maintained solid underlying profitability in the second quarter of 2010, although a number of factors resulted in higher operating costs and make comparisons difficult with income from operations in the second quarter and first six months of 2009.”
The following factors impacted Interactive Data’s 2010 second-quarter income from operations performance and affect comparability with prior-year periods:
D’Arcy concluded, “Since announcing our agreement to be acquired by Silver Lake and Warburg Pincus in early May, we have made substantial progress toward completing this transaction and now anticipate that it will close within the next several weeks. We look forward to transitioning our ownership structure and we plan to work closely with Silver Lake and Warburg Pincus in ways that will enable us to continue expanding our business and delivering exceptional value to our customers worldwide.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV