Instinet Highlights Reuters' 1Q Results; Americas Languish

VENDOR STRATEGIES

Although it warned last year that it could not assure double digit revenue growth this year, Reuters did indeed deliver that kind of growth in the first quarter--14 percent, or 9 percent excluding currency fluctuations. Highlighting the quarter's results was a hefty 58 percent increase in Instinet's revenues--54 percent, ex-currency. Meanwhile, the slowdown continued in recurring sales of information products, reflecting lower levels of demand due to consolidation in the financial markets. R

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