- Global info/analytics firm IHS has moved up 0.6% following a Q2 report where it beat on top and bottom lines and raised its outlook for 2015. The shares are building on gains earned yesterday when they picked up 2.3%.
- Revenue gains of 4% were driven by acquisition (particularly in the Americas) and by strong improvement in Industrials offerings.
- Revenue by segment: Americas, $401.8M (up 7%); EMEA, $136.6M (down 2%); APAC, $52.9M (up 1%). By product category: Resources, $234.7M (down 4%); Industrials, $220.5M (up 22%); Horizontal Products, $136.2M (down 5%).
- Resources revenue were under pressure from energy products, CFO Todd Hyatt says: "Despite the macro industry situation, we like our energy assets and are encouraged by the resiliency of the subscription business, which we expect will deliver flat sales in an environment where energy spend has been significantly reduced."
- The company raised guidance on full-year revenue to $2.3B-$2.34B (including 5-6% subscription organic growth) vs. a consensus of $2.295B, and for EPS of $5.80-$6.00 vs. a consensus of $5.87. It sees EBITDA coming in at $725M-$740M for the year vs. a consensus of $721M.
- Press Release