Bloomberg sales rise - FT
16 January 2003 | 9543 views | 0
Bloomberg boosted the number of subscribers to its market data screens last year by almost five per cent, in contrast with rival Reuters which lost customers as a result of investment banking spending cuts, according to figures quoted by the Financial Times.
The number of Bloomberg terminals installed worldwide rose to 171,350 from 163,401. The company's revenue from screens rose 5.7 percent to $2.75 billion, out of a total revenue of $3 billion, up from $2.8 billion last year, the FT said.
The figures will put greater pressure on Reuters executives to turn the company around, the FT said. Comparable sales data for Reuters is not available, although analysts are forecasting a decline in subscriber numbers as banks continue to pare spending, the paper said.