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IHS Profits Nearly Double

|Includes: IHS Markit Ltd. (INFO)

Originally published at

IHS Inc. (IHS) announced its third quarter financial results for the fiscal year 2014, reporting earnings that almost doubled from the year-ago quarter. The information and analytics provider posted a 16% jump in revenue to $556M, part of which it attributes to the acquisition of R.L. Polk last year, and noted that organic revenue growth was 3%. Subscription revenue increased 18% to $432.1M while non-subscription revenue rose 7% to $123.9M. Earnings jumped from the year-ago $23.4M and $0.35 per share to $46.5M and $0.68 per share, while adjusted earnings rose from $1.27 to $1.49 per share, beating analyst expectations at $1.44 per share. CEO Scott Key commented that the company is very pleased with its organic growth and performance related to its commercial expansion during the quarter.

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