November 23, 2014 2:29 AM ET

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Company Overview of Interactive Data Corporation

Company Overview

Interactive Data Corporation provides financial market data, analytics, and related solutions primarily in the North America, the United Kingdom and other European countries, the Asia Pacific, and internationally. The company operates through two segments, Pricing and Reference Data, and Trading Solutions. The Pricing and Reference Data segment offers evaluated pricing services, which are daily opinions of value, on approximately 2.7 million fixed income securities, international equities, and other hard-to-value financial instruments. This segment also provides reference data that encompasses listed markets pricing and descriptive information covering approximately 10 million global financi...

32 Crosby Drive

Bedford, MA 01730

United States

Founded in 1992

2,500 Employees

Phone:

781-687-8500

Fax:

781-687-8005

Key Executives for Interactive Data Corporation

Chief Executive Officer and President
Age: 58
Executive Chairman
Age: 60
Chief Financial Officer
Age: 53
Chief Operating Officer
Age: 49
President of Europe
Age: 55
Compensation as of Fiscal Year 2014.

Interactive Data Corporation Key Developments

Eagle Collaborates with Interactive Data to Support Solvency II Compliance

Eagle Investment Systems LLC announced a collaboration which will see it provide pricing and reference data from Interactive Data to Eagle's European insurance clients to assist them in addressing the complexities around Solvency II compliance. Solvency II is a European Union directive designed to ensure insurance companies operating in Europe have enough underlying assets to cover their insurance commitments. Although the directive is not scheduled to come into effect until 2016, insurance companies are already looking to incorporate some of its key features into their processes, due to the complexity associated with implementations such as these. In consultation with Eagle conducted a detailed analysis of the information that Eagle requires to create the tools that will help Eagle's clients achieve compliance and conducted an extensive tender process. Following this in depth review, Eagle selected Interactive Data to provide the issuer and security data needed for Eagle's depth and breadth of coverage.

Interactive Data Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Interactive Data Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $233.5 million, a 4.1% increase from $224.3 million in the third quarter of 2013. Excluding the impact of changes in foreign exchange rates, Interactive Data's organic (non-GAAP) revenue for the third quarter of 2014 grew by 2.8% from the same quarter last year. Income from operations was $58.1 million, compared with $41.2 million in the third quarter of 2013. Non-GAAP adjusted EBITDA was $93.5 million, compared with $88.5 million in the same period one year ago. The company produced revenue growth even as market conditions remained challenging. Organic revenue growth in the quarter was driven by continued growth in its Pricing and Reference Data segment, as well as expansion within its 7ticks trading infrastructure managed services area. The company generated adjusted EBITDA growth of 5.6% in the quarter as it continues to take steps to prudently manage its cost structure. Income before income taxes was $27.99 million compared to $6.962 million for the same period of last year. Net income was $21.701 million compared to $14.132 million for the same period of last year. EBITDA was $95.196 million compared to $79.019 million for the same period of last year. Capital expenditures were $20.857 million compared to $20.175 million for the same period of last year. Free cash flow was $72.64 million compared to $68.36 million for the same period of last year. Total organic (non-GAAP) revenue $230.65 million compared to $224.33 million for the same period of last year. For the nine months, the company reported revenue of $699.9 million, an increase of $27.0 million, or 4.0%, from $672.9 million in the same period last year. Excluding the effects of foreign exchange, organic revenue growth was 2.7% during the first nine months of 2014. Income from operations was $126.9 million, compared with $134.2 million in the same period one year ago. Non-GAAP adjusted EBITDA was $264.1 million compared with $262.1 million in the same period one year ago. Loss before income taxes was $50.653 million compared to income before income taxes of $20.682 million for the same period of last year. Net loss was $16.958 million compared to net income of $28.299 million for the same period of last year. EBITDA was $155.541 million compared to $244.626 million for the same period of last year. Capital expenditures were $64.654 million compared to $54.056 million for the same period of last year. Free cash flow was $199.479 million compared to $208.057 million for the same period of last year. Net cash provided by operating activities was $127.01 million compared to $143.56 million for the same period of last year. Total organic (non-GAAP) revenue $690.92 million compared to $672.94 million for the same period of last year.

Interactive Data Corporation, Q3 2014 Earnings Call, Oct 24, 2014

Interactive Data Corporation, Q3 2014 Earnings Call, Oct 24, 2014

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