FT Interactive Data Sees Strong 3Q Growth In North America

Interactive Data Corp. – the parent of FT Interactive Data – saw third quarter revenues grow 10.4% over the same period last year to $122.9 million, with net income of $21.8 million, compared with $18 million in the third quarter of last year. Organic growth – excluding acquisitions such as FutureSource and the effects of foreign exchange – was 4.8%. Specifically, the FT Interactive Data division generated over 65% of IDC’s revenues, contributing $82.3 million, an increase of 8.8% over the same period last year. Growth was strong in North America at 10.5% due to both new sales and the expansion of business within current key accounts, while European revenues increased by 4.1% and Asia/Pacific revenues were flat. Clients for its Fair Value Information Service grew from 67 in the second quarter of 2004 to 89.