'Steady' start to 2010 for Datamonitor, says Informa
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UK— Business information firm Datamonitor has reported “a steady first half”, with strong performances in the telecoms and healthcare research verticals acting as a counter-balance to areas where business is tougher, like the US and telecoms markets.
Parent company Informa does not break out figures for the business, but the Professional and Commercial Information (PCI) division – in which Datamonitor sits with Informa Business Information and Informa Financial Information – saw revenues fall 3% to £178.5m. This was blamed principally on a slowdown in financial subscriptions and the removal of some “marginal product”.
Adjusted operating profits in the division were down 4% to £51.6m, but margins were virtually unchanged at 28.9% thanks to the “increased digitisation” of business information services and “strong cost control”.
Commenting on the PCI business, Informa said: “In the current environment, it takes slightly longer to close a new sale or up-sell to existing clients but overall the business remains resilient.”
Datamonitor is headed by CEO Mark Meek (pictured).
