IDC Announces 30% Increase in First Half FY 2001 Worldwide Revenues

FRAMINGHAM, MA – APRIL 19, 2001 – IDC, the industry’s premier market intelligence and advisory firm, today announced a 30 percent increase in total worldwide revenues and a 50 percent increase in profits for its first half ended March 31, 2001. In addition to exceeding its financial targets, the company added more than 150 employees during the past year to expand its research coverage and provide enhanced customer service. IDC is forecasting continuing strong revenue and profit growth for the second half of its fiscal year ending September 30. The company plans to add 75 additional employees during the next six months in all major job categories including research, sales, marketing, and information technology.

 

"We are able to maintain our strong growth rate through the breadth and depth of our information technology research coverage and by providing a comprehensive market intelligence solution that provides our clients with significant value," said Kirk Campbell, president and CEO of IDC. "We’re successful to the extent that we help our clients understand business and technology trends, helping them make strategic business decisions, meet market challenges, and take advantage of opportunities. We are forecasting strong client demand for our research services throughout this year."

IDC’s market intelligence model is a best-in-class solution that includes rigorous research and in-depth analysis on global, regional, and country markets that results in high quality technology market insights and predictions. IDC combines its comprehensive market information with expert direction and advice through client access to and interaction with IDC analysts. IDC offers the highest ratio of research analysts to clients in the information technology research business.

In March 2001, customers demonstrated strong demand for IDC’s market intelligence by turning out in record numbers to the company’s annual Directions 2001 events in San Francisco and Boston. During that same month, Mr. Campbell was named one of the Top 25 E-Champions for the year 2000 by B2B Magazine.

For more information on IDC visit http://www.idc.com. Press inquiries may be directed to Michael Rogers, Bravo! Marketing, 617-348-4170 x 110 or michael@bravomarketing.com.

About IDC

IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world’s leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at www.idc.com.

IDC is privately held and is a division of IDG, the world's leading IT media, research, and exposition company.

 

# # #

IDC, Directions, and the IDC logo are trademarks of International Data Group, Inc. All other trademarks or registered trademarks are the property of their respective holders.