DBCC q2 '99 ending 31 December..50% Internet growth..q-q revenue growth.
Data Broadcasting Reports 50-Percent Increase in Internet Subscribers, Second Quarter Revenue Growth
JACKSON, Wyo.--(BUSINESS WIRE)--Jan. 19, 1999--Data Broadcasting Corp. (Nasdaq:DBCC - news) Tuesday reported that the company has achieved more than 8,000 subscribers for its Internet-delivered market data services, a 50% increase from subscriber levels at Sept. 30, 1998.
The company also announced that revenues for the second fiscal quarter ended Dec. 31, 1998, rose to $24.2 million, compared with $22.9 million in the corresponding prior-year period and $22.5 million from the first quarter of fiscal 1999, respectively.
''The 8,000 subscriber level represents an important milestone for DBC and provides strong evidence that our Internet strategy continues to be successful,'' said Alan Hirschfield and Allan Tessler, co-chief executive officers. ''Internet subscriptions are now significantly outpacing the transitional decline in our broadcast base..."
source: © 18 Jan 1999 DBCC Annual Meeting
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