ADP, Mcgraw-Hill Report Strong Revenue Growth, Good Sign For Vendors In North America

VENDOR STRATEGY

Just as they hoped it would, the latest quarter, ended March 31, brought ADP and McGraw-Hill Inc.'s financial services divisions double digit revenue growth. With new installations blooming at ADP and market activity driving several key business units at McGraw-Hill, 1993 is proving a pretty good year, so far.

Each vendor gains the majority of its revenues from a different sector of the North American market for market data. Combined with Telerate's announcement last week that it too finally