UPDATE 2-RiskMetrics Q4 profit narrowly beats estimates
* Q4 adj. EPS $0.11 vs est. $0.10
* Q4 rev up about 1 pct * Sees 2010 rev $315 mln-$325 mln
* Says to focus more on risk segment
* Says may look for acquisitions in the risk space (Adds details, CEO comments)
By Supantha Mukherjee
BANGALORE, Feb 9 (Reuters) - Risk advisory firm RiskMetrics Group Inc RISK.N posted a fourth-quarter profit that narrowly beat analysts' expectations, helped by higher renewal rates at its risk management business.
"The upward trend in renewal rate is expected to continue into 2010 as we have now completed a full renewal cycle effected by the financial crisis," Chief Executive Ethan Berman said.
Berman told Reuters that the renewal rates may go up to 2008 levels by the end of this year.
The company, which saw a 2 percent drop in revenue at its risk management business in the fourth quarter, said it plans to focus more on the segment as it expects a bigger budget allocation from its clients in the risk space. Continuación...