IHS Inc. 1Q income rises 14.5 percent
Business information and analytics provider IHS Inc. said Thursday profits for its fiscal first quarter rose 14.5 percent as income rose in all of its regions and business segments.
The Englewood-based company posted net income of $30.7 million, or 47 cents per share, for the three months ended Feb. 28, compared with $26.8 million, or 42 cents per share a year ago.
The earnings results included one-time items including stock-based compensation and pension expenses and costs related to acquisitions and restructuring.
Excluding those items adjusted earnings per share were 75 cents, up from 62 cents the year before.
Analysts surveyed by FactSet expected 74 cents per share in the latest quarter.
Revenue was $295 million, up 23 percent from $241 million a year ago. Analysts expected $287.6 million
The revenue gains were driven by a 43 percent growth in sales in the Asia Pacific region and a 19 percent increase in North and South America. The region of Europe, the Middle East and Africa rose 24 percent.
The company said it expects 2011 revenue between $1.23 billion and $1.26 billion.
Analysts expect $1.25 billion.
IHS shares ended Thursday up 84 cents, or 1 percent, at $85.79 before the release of the earnings report.