Interactive Data, a provider of financial market data and analytics, has reported revenues of $207.8m, an increase of 7.5% compared to $194.1m for the same quarter of 2009.
The company reported a loss from operations $1.2m, compared to an operating income of $50.54m for the same quarter of 2009.
For the fourth quarter of 2010, the company registered net loss of $46m, compared to net income of $33m for the same quarter of 2009.
For the fiscal year 2010, the company reported net revenues of $797m, compared to $757.2m in the previous fiscal year.
The company posted loss from operations $7.1m, compared to income from operations $207.7m, and net loss for the FY10 was $72m, compared to net income of $141.2m for the previous year.
Interactive Data chairman and CEO Mason Slaine said the fourth-quarter 2010 revenue growth was driven primarily by another solid quarter within their Pricing and Reference Data business, improved performance in their Real-Time Services business, and the contributions from businesses acquired in late 2009 and early 2010.
"Our fourth-quarter 2010 adjusted EBITDA performance remained healthy due to the combination of revenue growth and expense management and at the same time, we also began implementing key technology initiatives and other programs aimed at leveraging our global content, accelerating time-to-market for innovative new services, driving operational efficiency and creating greater economies of scale," Slaine said.
