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Weekly News Digest
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August 19, 2002 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITI’s Twitter account: @ITINewsBreaks.
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EDGAR Online Announces 2Q Results, Expands International Coverage
EDGAR Online, Inc. (http://www.edgar-online.com), a provider of public company information in SEC filings, reported revenue of $4.1 million for the quarter that ended June 30, 2002—a decrease of 1 percent compared to the same period last year. This slight decline is primarily due to the company's decision to shift its business focus away from less profitable technical consulting services (which decreased 43 percent from last year) to recurring data and subscription sales. The decline in total revenue was offset by strong growth in the company's core subscription business. Seat-based subscription revenue increased 75 percent from last year due to a growth in the number of subscribers to over 25,000 as of June 30, 2002.EDGAR Online also announced expansion of its global company coverage. Annual and interim reports from over 13,300 companies in 45 countries will now be available on EDGAR Online's products, including its flagship EDGARpro desktop service and its EDGAR Explorer data service. The international content is provided in partnership with Global Reports (http://www.global-reports.com), a company that was founded in 1999 by information industry professionals. Global Reports currently has offices in Kensington, Maryland; San Francisco; and Oakland, California. "We look forward to offering this international data set to corporate customers," said Susan Strausberg, CEO of EDGAR Online, Inc. "Global Reports has a seasoned team of executives and brings a comprehensive online library of international filings in full color and native PDF format." Source: EDGAR Online
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Brandi Scardilli
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