Instinet Posts Healthy Gains In First Quarter Revenues; Spotlighted For Investors
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Reuters' Instinet Corp. posted a 17 percent increase in revenues for the first quarter--23 percent when adjusted for currency fluctuations, according to a quarterly revenue report released by the vendor. The vendor as a whole logged a 22 percent increase in revenues for the quarter; the jump follows 25 percent increases in the previous two quarters. Excluding revenue from acquisitions, growth in the first quarter was 16 percent.
At an investors' meeting held after the revenue report was released
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