IHS Q2 Results Beat Street - Quick Facts

(RTTNews) - Business information provider IHS, Inc. (IHS) reported higher second-quarter net income of $55.49 million or $0.81 per share, versus $42.89 million or $0.65 per share, in the prior-year quarter. On an adjusted basis, earnings per share amounted to $1.47 for the latest quarter. On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $1.44 per share for the quarter. Analysts' estimates typically exclude one-time items.

The Englewood, Colorado-based firm clocked quarterly revenue of $568 million, up 36 percent from the prior-year period's $418.14 million; with total organic revenue increase of 6 percent, anchored by 6 percent subscription organic revenue growth. Thirteen analysts projected second-quarter revenues of $551.27 million.

For the year ending November 30, 2014, IHS expects revenue of $2.17 billion to $2.23 billion, including 6-7 percent organic growth on the subscription base; adjusted EBITDA in a range of $675 million to $705 million; and adjusted earnings per share of $5.50 to $5.85 per share. Analysts project annual earnings per share of $5.77 on $2.23 billion revenues.