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OCLC issues 1999/2000 Annual Report

OCLC 1999/2000 Annual Report

DUBLIN, Ohio, Dec. 15, 2000--OCLC has issued its 1999/2000 Annual Report, the 33rd for the international, nonprofit, membership computer library service and research organization.

In the report, Jay Jordan, OCLC president and chief executive officer, wrote that libraries and OCLC are using their expertise in information technology and knowledge management to help define the networked, digital environment of the 21st century. He also introduced OCLC's emerging global strategy, which calls for transforming WorldCat from a bibliographic database and online union catalog into a globally networked information resource of text, graphics, sound and motion.

"As I continue to meet with librarians in many venues around the world, I sense a growing excitement in the profession," wrote Mr. Jordan. "Libraries and OCLC are uniquely positioned to grapple with the challenges of the Web and seize its opportunities. The last 30 years of online cataloging, resource sharing and reference services have been a prelude to greater things to come. There is a rekindling of the spirit of cooperation through which libraries and OCLC have done so much in the past, and through which we are now poised to do even more in the future."

For the year ended June 30, 2000, OCLC's revenues were $153 million, up 5 percent from the previous year as libraries continued to increase their use of OCLC's online cataloging, resource sharing and reference services. Contribution to equity was $4.9 million. OCLC provided member libraries with $9.2 million in credits for cataloging and resource sharing to encourage the growth and quality of WorldCat. In addition, OCLC launched two new services-the OCLC Cooperative Online Resource Catalog (CORC) service and the OCLC WebExpress service.

Highlights of the 1999/2000 annual report, which covers OCLC's fiscal year (July 1 to June 30), include:

  • The number of participating libraries increased to 37,297 from 34,775.
  • The OCLC online system for cataloging and resource sharing handled nearly 1.1 billion messages as libraries cataloged 55.2 million items and arranged 8.6 million interlibrary loans, a new high.
  • 2.7 million new cataloging records were added to WorldCat.
  • Location listings in WorldCat grew to 767 million from 720 million.
  • More than 16,000 libraries around the world used the OCLC FirstSearch service, performing 64.3 million searches, a 4 percent increase over the previous year.
  • The OCLC Institute conducted 46 educational events for 1,429 people.
  • OCLC completed mergers with PAIS and PICA.
  • To foster increased international participation, OCLC formed the Global Sharing Program, which makes it easier to process international interlibrary loans, and launched a pilot project to test cataloging of Arabic language materials using Arabic vernacular characters.
  • The OCLC Board of Trustees retained the consulting firm Arthur D. Little to conduct a study of OCLC's strategic directions and governance.

Printed copies of the report can be obtained by writing to: OCLC Support Services, MC 437, 6565 Frantz Rd., Dublin, Ohio 43017-3395, request a copy online, or fax (+1-614-798-5728). Please include the item number--MAN8440--and the quantity needed in the request. Consolidated financial statements for the years ended June 30, 2000 and 1999 appear at www.oclc.org/financials.

For more information:
Nita Dean, OCLC +1-614-761-5002
nita_dean@oclc.org

Tom Storey, OCLC, +614-761-5032
storeyt@oclc.org

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