Business Services Industry
Reed Elsevier Bucks Trend with Web Profits.
Knight Ridder/Tribune Business News, February, 2002
By Lucy Farndon, Daily Mail, London Knight Ridder/Tribune Business News
Feb. 22--Most firms have racked up far bigger internet losses than they ever expected, but Reed Elsevier is one of the few that has actually delivered on sales.
Online revenues surged from UKpound 436 million to UKpound 750 million last year. This beats the UKpound 700 million target set two years ago and the publisher expects to break the UKpound 1 billion barrier in 2002.
Sensibly, Reed has focused on "must-have" online services for science and legal professionals. Barristers can search mountains of case histories at the touch of a button. Doctors can access stacks of research and archive material.
Reed, which publishes New Scientist and The Lancet, rose 16...
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