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Bedford, MA Office

32 Crosby Drive
Bedford
MA
US

London, UK Office

Fitzroy House, 13-17 Epworth Street
London
GB

Australia, Melbourne Office

1155 Malvern Road
Malvern
Melbourne
AU

France, Paris Office

9 rue de Téhéran
Paris
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Ireland, Dublin Office

6 Georges Dock, 4th floor IFSC
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Luxembourg, Lux Office

5th floor 28 boulevard Royal
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Switzerland, Geneva Office

25, rue Kléberg
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New York, NY Office

100 William Street, 17th Floor
New York
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White Plains, NY Office

100 Hillside Avenue
White Plains
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Santa Monica, CA Office

2901 28th Street, Suite 300
Santa Monica
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Hayward, CA Office

3955 Point Eden Way
Hayward
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Singapore Office

1 Raffles Place #21-02 One Raffles Place
Singapore
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Hong Kong, Central Office

2001-2005, 20/F The Center 99 Queen's Road Central
Hong Kong
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Channel Islands, Jersey Office

8 Hill Street St Helier
Jersey
GB

Germany, Frankfurt Office

Sandweg 94
Frankfurt am Main
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Spain, Madrid Office

Francisco Silvela 42 1a planta
Madrid
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Switzerland, Zurich Office

Loewenstrasse 2
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Australia, Sydney Office

Suite 405/368 Sussex Street
Sydney
AU

Japan, Tokyo Office

Kyobashi No. 8 Nagaoka Bldg. 1F 2-20-9 Hatchobori Chuo-ku
Tokyo
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Location Office

International House 1 St. Katharine's Way
London
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Italy, Rome Office

Via Cristoforo Colombo, 149
Rome
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Chicago, IL Office

600 West Fulton, 7th Floor
Chicago
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US

New York, NY Office

100 Church Street, 11th Floor
New York
NY
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UAE, Dubai Office

805, City Tower 2 Sh. Zayed Road
Dubai
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Lombard, IL Office

955 Parkview Boulevard
Lombard
IL
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Australia, Melbourne Office

Level 36/2 Freshwater Place Southbank Boulevard Southbank
Melbourne
AU

Telephone

02072653703

Contact

tony cossey a cossey
[email protected]
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Interactive Data Reports First-quarter 2009 Results

Interactive Data Corporation (NYSE: IDC) today reported its financial results for the first quarter ended March 31, 2009. Interactive Data’s first-quarter 2009 revenue increased 2.4% to $186.0 million from $181.7 million in the first quarter of 2008. Income from operations in the first quarter of 2009 was $48.3 million versus $48.9 million in the same period one year ago. Net income for the first quarter of 2009 was $31.9 million, or $0.33 per diluted share, compared with net income of $32.3 million, or $0.33 per diluted share, in the first quarter of 2008.

“We are pleased with our first-quarter 2009 results, especially in light of the unprecedented turmoil that is affecting our core institutional customers,” stated Ray D’Arcy, president and chief executive officer. “We produced organic revenue growth of 8.4% in the first quarter of 2009, although much of this expansion was offset by the effects of foreign exchange. Our organic revenue growth, combined with our diligence in containing costs, enabled us to drive a 13.0% increase in non-GAAP income from operations in the first quarter of 2009 even while absorbing higher non-cash expenses such as depreciation and certain one-time stock-based compensation costs. Net income for the first quarter of 2009 was also impacted by considerably lower interest income.”

D’Arcy continued, “We produced another quarter of strong organic revenue growth primarily as a result of the robust demand, particularly in Europe, for our independent fixed income evaluations and our other high-value pricing and reference data content. In our Institutional Services segment, new sales trended according to our plans during the first quarter of 2009, although the challenging market environment produced higher-than-expected cancellations and downgrades. Despite this trend in cancellations, retention rates across our institutionally oriented businesses were strong at approximately 93% during the first quarter of 2009. As a result of vendor consolidations and an intensifying focus by financial institutions on reducing costs, we are seeing increased interest in our real-time datafeeds and terminal offerings.”

Andrew Hajducky, Interactive Data’s executive vice president and chief financial officer, commented, “Our first-quarter 2009 operating performance was generally in line with our expectations entering the quarter. We took steps to control our spending during the first quarter, and we will continue to be vigilant on this front going forward given the uncertain market outlook. Net cash provided by operating activities of $36.8 million during the first quarter of 2009 enabled us to end the first quarter of 2009 with $244.1 million in cash, cash equivalents and marketable securities, which is $15.3 million higher than our cash position at the end of 2008.”

D’Arcy concluded, “Even as we focused on controlling costs, we continued to direct our spending to enhance our offerings and relationships with institutional customers worldwide. For example, we added resources to further strengthen our fixed income evaluations organization and our investments in product development are yielding tangible results with the launch of several new services and meaningful enhancements to existing offerings. We anticipate that the near-term market conditions will remain uncertain, but we remain confident in our ability to navigate current market conditions by delivering a compelling value proposition to our customers that is based on high-value content, a growing range of innovative offerings, reliable service delivery and highly responsive customer support.”