IDC’s Revenues Grow, Supported by New Evaluated, Descriptive Services

Interactive Data Corp. (IDC) saw annual revenues grow 9.5% to $484.6 million for 2004, with net income rising 11.2% to $80.3 million. For the fourth quarter, revenue grew 4% to $125.2 million, while net income grew 15.7% to $21.1 million. Growth was attributed in part to “continued strength … in FT Interactive Data’s North American business, as well as improvement at FT Interactive Data’s European operations.” This division generated fourth-quarter revenues of $87.8 million, representing 70% of total revenues. Renewal rates for its institutional business – comprised of FT Interactive Data, Comstock and CMS Bondedge – remained at 95% globally. New sales were driven by demand for new services such as evaluated pricing.