Capital IQ Continues Its Rapid Growth in First Quarter, Bucking the Trend by Helping Clients Generate Business, Reduce Costs.Business Editors NEW YORK--(BUSINESS WIRE)--April 22, 2003 Company Expects Strong Growth from Record Q1 to Continue Capital IQ today announced that revenue, the annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. value of outstanding contracts, and number of end users all grew by record rates in the first quarter, ended March 31, and that its number of client firms crossed 350, also a new record. Performance highlights in the first quarter as compared to a year ago include: -- Quarterly revenue increased by 85% -- Annualized value of outstanding contracts soared by 90% -- The number of end users rose by 88% -- Number of clients passed 350 to reach a new record, from about 150 a year earlier "In spite of financial market doldrums and generally reduced IT budgets, we are finding firms highly receptive to our value proposition, which lets them accomplish more in less time using fewer resources," said Randall Winn, a Managing Principal of Capital IQ. About Capital IQ: Capital IQ enables leading financial and advisory professionals to efficiently make more intelligent business decisions. Its products integrate public and private market information with software applications for research, analysis, idea generation, workflow management, and relationship development. Clients use these products to generate new business, reduce costs, and increase productivity. Capital IQ serves over 350 clients including the market leaders in investment banking, investment management, private equity, and related professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , as well as some of the world's largest corporations. Capital IQ's strategic shareholders include Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. & Co. Inc., Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , Dresdner Kleinwort Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001. Headquartered in London and Frankfurt and with an international network including offices in the financial centres of New York and Tokyo, Dresdner Kleinwort provides a wide range Wasserstein, FleetBoston Financial FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were given the Bank of America logo. Corp., JP Morgan Chase & Co., Merrill Lynch & Co. and SoundView Technology Group, Inc. For more information, please visit Capital IQ's web site at www.capitaliq.com. |
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