Man Financial posts strong forex results Reuters to report revenue rise
The market data and trading technology vendor expects the steady recovery in its recurring revenues to continue into the first quarter of this year. The company said underlying recurring revenues for the quarter are likely to decline by around 1.5%, compared with a decline of 8.4% in the equivalent quarter last year.
Reuters bases its views on recurring revenue performance by comparing subscriber sales and cancellations. Although subscriber cancellations surpassed new sales in Q4 2004, net
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