IDC Sees Revenues Increase

ORGANIZATION & STRATEGY

Interactive Data Corp. (IDC) reported that revenues for the third quarter increased approximately 16 percent (before the effects of foreign exchange) to about $111 million from nearly $96 million for the third quarter of 2002.

The company attributes the increase to new sales in the third quarter for its Fair Value Information Service and eSignal business. However, IDC’s European sales suffered from depressed market conditions.

The integration of ComStock contributed nearly $16 million in rev