IDC Announces 38% Increase in 1st Quarter Worldwide Revenues
FRAMINGHAM, MA – FEBRUARY 2, 2001 – IDC today announced it exceeded bookings and revenue targets for its first fiscal quarter ended December 31, 2000 and achieved a 38 percent increase in total worldwide revenues over the comparable quarter last year. This growth builds on the company's 33 percent increase in revenues for its fiscal year ended September 30, 2000. IDC's success also contributed to an accelerated hiring rate. The company hired 250 new employees last year and now exceeds 1,200 employees worldwide.
IDC attributes its growth and success to its breadth of technology coverage and to a model that provides much more than market data to clients. This model includes rigorous research and in-depth analysis on global, regional, and country-level markets that results in highly accurate technology insights and market predictions. IDC combines its comprehensive information with personal and abundant service, including expert direction and advice through client access to and interaction with IDC analysts.
"We take market research to the next level, providing a complete technology intelligence solution that helps our clients make strategic business decisions," said Kirk Campbell, president and CEO of IDC.
Campbell believes companies recognize they need serious, credible market intelligence to help them not only take advantage of opportunities, but also to avoid pitfalls and navigate through turbulent times.
"It's important for businesses to have strong market intelligence and advisory services from a firm they can trust," he continued. "We've been setting the standards for global market intelligence for over 35 years, and our continued growth is further evidence our clients are getting tremendous value through their relationships with IDC."
Indeed, it appears the market concurs. IDC added more than 600 new client companies worldwide during 2000 and expects continued rapid growth for its business throughout 2001.
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 a division of IDG, the world's leading IT media, research and exposition company.
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