Reuters Trading Systems' Revenues Up While Tibco's Shrink For 1st Quarter Of '99
VENDOR UPDATE
LONDON--The Reuters Trading Systems division showed slight revenue growth overall during the first quarter of 1999, but Tibco's revenues declined by seven per cent, according to Reuters.
Overall, Reuters' revenues for the first quarter of 1999 rose by eight per cent to £771 million ($1.24 billion) from £715 million ($1.15 billion) in the related quarter of 1998. Although this is a relatively good percentage increase of revenues, a weaker British pound sterling assisted it. At comparable exchange
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