IHS Markit Ltd. (Nasdaq: INFO), a provider of information, analytics, and financial markets data, has reported its Q1 2017 earnings for the period ending February 28, 2017. The latest figures painted a picture of strong growth relative to the year prior, with virtually all metrics pointing higher.
One of the group’s strongest areas of growth came across its revenues, which were reported at $844.0 million in Q1 2017, a climb of 53.8 percent year-over-year from $548.5 million in Q1 2016. In terms of its EBITDA on an adjusted basis, IHS Markit yielded a figure of $320.2 million in Q1 2017.
This reading corresponded to a growth of 78.9 percent year-over-year from $179.0 million in Q1 2016. IHS Markit also saw a strong uptick in its adjusted earnings-per-share (EPS), which saw a jump to $0.45 in Q1 2017, up from $0.39 in Q1 2016, or 15.4 percent on a year-over-year basis.
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Finally, IHS Markit’s operating income edged higher in Q1 2017 to $95.7 million, compared with $79.7 million in Q1 2016, or 20.1 percent year-over year. By extension, net income scored a climb to $66.0 million for the quarter, easily besting a reading of $45.2 million in Q1 2016, or 46.0 percent higher year-over-year.
According to Jerre Stead, IHS Markit Chairman and Chief Executive Officer, in a statement on the earnings: “We hit the ground running in Q1 with improved organic growth, margin expansion and continued momentum with our integration efforts.”
“We posted solid results in the first quarter and have a clear path to deliver to our full-year expectations. Our Transportation segment continues to perform at a high level, Financial Services posted very good performance, and we are seeing clear signs of stabilization within our Energy business,” explained Todd Hyatt, IHS Markit’s Chief Financial Officer.