Interactive Data’s third-quarter 2011 revenue increased 10.1% to a record $217.9 million from $197.9 million in the third quarter of 2010. Third-quarter 2010 revenue was reduced by $2.3 million due to the purchase accounting for the amortization of acquisition-related deferred revenue. Excluding the impact of changes in foreign exchange rates and the reduction in third-quarter 2010 revenue associated with the acquisition-related deferred revenue adjustment, Interactive Data’s organic (non-GAAP) revenue grew 6.7% from the third quarter in 2010.
Institutional Services Segment: Interactive Data Pricing and Reference Data reported third-quarter 2011 revenue of $141.0 million, a 9.3% increase over the third quarter of 2010. Interactive Data Real-Time Services generated third-quarter 2011 revenue of $48.7 million, which is 19.5% higher than the same quarter last year. BondEdge Solutions, which was rebranded in July 2011 and was formerly known as Interactive Data Fixed Income Analytics, reported revenue for the third quarter of 2011 of $8.3 million, which declined by 4.8% from the same quarter last year.
Active Trader Services Segment: Interactive Data’s Desktop Solutions business reported third-quarter 2011 revenue of $19.8 million, an increase of 2.0% from the same period last year. As of September 30, 2011, Desktop Solutions reported approximately 56,500 total subscribers, a decline of 4.5% from the same period last year with subscriber declines for its various active trader platforms partially offset by strong subscriber growth within the Market-Q platform.
Interactive Data’s third-quarter 2011 income from operations was $30.8 million, compared with a loss from operations of $85.9 million in same period one year ago. The third-quarter 2010 loss from operations included merger costs of $100.8 million.
Source: Interactive Data Press Release