SIX Telekurs’ 2009 Results Confirm Reference Data Biz Remains Bright Spot
10 Mar 2010
Following on from the relatively robust performance of rival Thomson Reuters’ Enterprise division and Interactive Data’s overall performance last year (as indicated by our story here), SIX Telekurs has added to the optimism in the reference data market with the announcement of a 2009 revenue increase of 1.8% on previous year’s figures for the reference data and valuations part of its Financial Information business. Although SIX Telekurs’ overall figures for the year were in keeping with the dismal state of the market overall - operating income decreased by 7% to CHF1,252.9 million and the group’s net income fell by 28% to CHF220.3 million – the growth of its reference data business mirrors the experiences of its rivals.
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