‘Steady’ start to 2010 for Datamonitor, says Informa
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).
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