• Quarterly revenue of $387 million, up 20% • 7% organic revenue growth rate overall, including 8% for subscription-based business • Adjusted EBITDA of $120 million, or 31.0% of revenue for the quarter • EPS of $0.66 and Adjusted EPS of $0.97 for the quarter
Monday, June 18, 2012 4:05 pm EDT ENGLEWOOD, Colo. Public Company Information: NYSE: IHS.
"Strong second-quarter results were highlighted by solid top-line growth, meaningful margin expansion, robust free cash flow generation, new product introduction and continued investment in the future of our company..."
ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), the leading global source of information and analytics, today reported results for the second quarter ended May 31, 2012. Revenue for the second quarter of 2012 totaled $387 million, a 20 percent increase over second quarter 2011 revenue of $323 million. Net income for the second quarter of 2012 was $44 million, or $0.66 per diluted share, compared to second quarter 2011 net income of $40 million, or $0.61 per diluted share.
Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) totaled $120 million for the second quarter of 2012, up 26 percent from $95 million in the second quarter of 2011. Adjusted earnings per diluted share were $0.97 for the second quarter of 2012, an increase of 17 percent over the prior-year period. Adjusted EBITDA and Adjusted earnings per share are non-GAAP (Generally Accepted Accounting Principles) financial measures used by management to measure operating performance. Please see the end of this release for more information about these non-GAAP measures.
“Strong second-quarter results were highlighted by solid top-line growth, meaningful margin expansion, robust free cash flow generation, new product introduction and continued investment in the future of our company,” said Jerre Stead, IHS chairman and chief executive officer. “We finished the first half of the year with momentum and expect to deliver an even better second half of 2012.”