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Turnover Increases at KTS
London-based market data vendor Knowledge Technology Solutions (KTS) increased turnover (the UK term for revenue) in the fourth quarter of 2003 to £298,232 from £44,652 in the fourth quarter of 2002. KTS attributes the growth to its "conservative revenue recognition policy," where "cash received from customers is spread over the full term of the subscription," the company stated in a release. Gavin Casey, chairman of KTS, said sales of its QuoteTerminal service, which
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