Interactive Data Corporation reported its financial results for the fourth quarter and full year ended December 31, 2009. Interactive Datas fourth-quarter 2009 revenue of $194.1 million was unchanged from the fourth quarter of 2008. Income from operations in the fourth quarter of 2009 was $50.4 million, an 11.7% decrease from $57.1 million in the same period one year ago. Net income attributable to Interactive Data for the fourth quarter of 2009 was $33.0 million, or $0.34 per diluted share, a decrease of 17.6% over net income of $40.1 million, or $0.42 per diluted share, in the fourth quarter of 2008.
For the year ended December 31, 2009, Interactive Datas revenue grew to $757.2 million from $750.5 million in 2008. Income from operations for 2009 was $207.7 million, compared with $209.7 million in 2008. Net income attributable to Interactive Data for 2009 was $141.2 million, or $1.47 per diluted share, versus $142.6 million, or $1.48 per diluted share, in the comparable period of 2008.
Interactive Data successfully navigated through some of the most challenging conditions that our industry has experienced to achieve our full-year 2009 profit targets and deliver solid growth in net cash provided by operating activities, says Ray DArcy, Interactive Datas president and chief executive officer. Our organic revenue growth of 2.8% in 2009 was driven by the resilience of our fixed income evaluations and reference data offerings, which enabled our Pricing and Reference Data business to grow organically at 6.0% for the year. The combination of our top-line growth and decisive cost-control initiatives implemented earlier in the year enabled the Company to increase its underlying profitability by 5.5%. Market conditions began to show signs of stabilization starting in the third quarter of 2009, and this trend continued through the fourth quarter.
Commenting on the Companys fourth-quarter 2009 performance, DArcy said, Our fourth-quarter 2009 results were generally in line with our expectations entering the quarter. In terms of revenue, the contributions from acquisitions and the positive impact of foreign exchange offset a 3.4% decline in organic revenue. The decline in organic revenue reflects several factors. First, our performance compared against record fourth-quarter 2008 revenue that was aided by more than $5 million in certain one-time sales, strong usage-related revenue and other items. Second, we continued to experience softness in our active trader and real-time datafeed services. Fortunately, this softness was partially offset by sustained demand for our fixed income evaluations and reference data services. We continued to carefully manage our operating expenses during the fourth quarter of 2009. However, we received an updated pension valuation related to the Company’s overseas pension plan, which reduced our fourth-quarter 2009 income from operations by $3.4 million and fourth-quarter 2009 net income by $2.2 million. Other factors that impacted fourth-quarter 2009 net income were an increase in depreciation and amortization, lower interest income and a higher effective quarterly tax rate.
We are encouraged by the continued stabilization of market conditions during the fourth quarter, which is reflected by new sales that were the highest of any quarter in 2009 and cancellation levels that were on a par with the prior two quarters, DArcy added. From a strategic perspective, we move into 2010 with good momentum and we are well positioned to help customers continue adapting to ongoing changes in technology, market structure and regulations. We have continued to make investments to enhance and expand our fixed income evaluation and reference data services, which we believe will drive even greater customer adoption. In December 2009, we formed the Real-Time Market Data and Trading Solutions Group, which combines the resources of our eSignal, Managed Solutions, and Real-Time Services businesses into a single organization. This initiative supports our plans to integrate our suite of real-time market data and innovative, hosted technology services and solutions to more effectively capitalize on opportunities in the wealth management and electronic trading sectors. In addition, we recently completed three acquisitions that help further strengthen our real-time capabilities in the wealth management and electronic trading sectors, and provide us with a direct presence in the Middle East. These recent acquisitions, combined with our ongoing investments in our content, capabilities, delivery platforms and infrastructure, are enabling us to address a wide range of valuation, transparency, risk management, compliance, electronic trading and wealth management challenges facing our customers around the world.
D.C.