Henry A. Fernandez, Chairman and CEO, said "Early in the fourth quarter, we are seeing signs of easing budget constraints among some of our subscription fee clients which is resulting in healthy levels of sales activity. Retention rates, however, will likely remain under pressure as the operating environment for us remains challenging and many clients continue to monitor their spending closely. Notwithstanding the short-term challenges, our growth opportunities remain significant, and we continue to grow our headcount to capitalize on these opportunities and deliver value for our clients and shareholders."
Write to Chip Brian at cbrian@tradethetrend.com
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