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Fortune: Bloomberg’s money machine

Informative profile of Bloomberg LP, via Fortune:

Bloomberg LP is a private business, nearly 68% owned by Mike.

The secret: a sharp focus on delivering an ever-improving product and backing it up with unremitting attention to customer service.

There are 250,000 installations of this product around the world, for each of which customers typically pay $1,500 a month.

. . . that put the company’s operating margin a bit above 30% of revenues.

A great success story!

This entry was posted on Thursday, April 12th, 2007 at 11:03 am and is filed under education. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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