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Datamonitor ahead of targets

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Oct 07, 2003

Internet research group Datamonitor today told shareholders that trading is "well ahead" of management expectations. The company said the combination of higher than anticipated revenues and tight cost control will lead to a pretax profit for the year to 31 December that will be "significantly ahead of market expectations". The company generated £26.6m in the nine months to 30 September, against £23m last year. This was "particularly pleasing" for CEO Mike Danson, who pointed out that this growth has been achieved against a backdrop of reorganisation, as Datamonitor restructured its sales and marketing units during 2003.

"www.datamonitor.com ":http://www.datamonitor.com

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