This summary is based on the first quarter fiscal 2008 earnings call conducted by Interactive Data Corp. (IDC: chart) on April 24, 2008.

Management:

President and CEO: Stuart Clark
CFO: Andrew Hajducky
Director IR: Andrew Kramer

Key Investor Issues:

- Q1 EPS were 33 cents versus 27 cents in the year ago quarter.
- Quarterly revenue increased 11.8% to $181.7 million.
- The 2008 revenue growth over 2007 is forecast to be in the range 7% to 9%.

First-Quarter Financial Highlights

The company’s first quarter 2008 revenue was positively impacted by $2.8 million, due to the effects of foreign exchange.

- The Q1 revenue before the effects of foreign exchange grew by $16.4 million or 10.1% versus the same period last year.
- The total costs and expenses during the quarter were negatively impacted by $2.5 million due to the effects of foreign exchange.
- The Q1 total costs and expenses before the effects of foreign exchange increased by $6.6 million or 5.3% versus the first quarter of 2007.

The total quarterly revenue in North America grew 9.1% to $126.7 million from $116.1 million in the same period last year.

The increase was mainly due to sustained adoption by institutional customers of core offerings within the Pricing & Reference Data and Real-Time Services businesses.

- The company’s revenue in Europe increased 18.5% to $50.8 million during the quarter from $42.8 million in the year ago quarter. Before the effects of foreign exchange, the revenue increased by 13%.
- The growth in Europe was fueled by strong demand for fixed income evaluations and real-time datafeed services as well as continued expansion of the company’s managed solutions business.

- Q1 revenues in the Asia-Pacific were $4.3 million, an increase of 18.4% from $3.6 million in the same period last year. Before the effects of foreign exchange, revenue increased by 6.6%.
- The increase was on due to the strength of increased sales within the Pricing & Reference Data business in Australia.

The SG&A increased 3.8% from $57.1 million in Q1 of 2007 to $59.2 million for the current quarter.

- Depreciation increased 14.1% from $5.7 million in the year ago quarter to $6.5 million in Q1 of 2008.
- Amortization rose 6% to $6.9 million for the current year quarter.

As at quarter-end, the company had no outstanding debt.

As at the same period, the company had cash, cash equivalents and marketable securities of $247.2 million.

- During the quarter, the company spent $13.2 million to repurchase 456,000 shares of common stock at an average price of $28.98 per share as part of its existing stock buyback program.
- More than 2.3 million shares remained available for repurchase under the existing stock buyback program as at start of Q2 of 2008.

- The company paid $47.2 million to stockholders in connection with the special dividend of 50 cents per share and $14.1 million in connection with its regular quarterly dividend of 15 cents per share.
- The regular quarterly dividend paid in the first quarter of 2008 represents the fifth consecutive quarterly dividend and a 20% increase over the prior year’s quarterly dividend of 12.5 cents.
- Both the special dividend and regular quarterly dividend for the current quarter were declared in December 2007.

- The accounts receivables at quarter end were $118.7 million, which translates into DSOs of 59 days. This is down one day compared with the year end DSO levels and unchanged from the same period last year.
- The company’s current ratio is currently 2.5 times as at end of the quarter. This is within the historical range and represents an increase from 1.9 times at year end and 2.3 times for the first quarter of 2007.

- The Q1 CapEx totaled $6.9 million.
- The effective tax rate was unchanged from the year ago quarter at 37%.