IHS Markit Affirms Forward Guidance: Revenue to Stay Around $3.5 Billion

IHS Markit expects its revenue to stay in a range of $3.490 billion to $3.560 billion.

IHS Markit Ltd. (Nasdaq: INFO), a provider of information, analytics, and financial markets data, today published an upbeat trading statement for its 2017 financial metrics, according to a corporate statement.

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The company said that it has thus far enjoyed a strong performance in 2017. As a result, the adjusted EBITDA for the year will be comfortably in a range of $1.375 billion to $1.400 billion.

For the year ending November 30, 2017, IHS Markit expects its revenue to stay in a range of $3.490 billion to $3.560 billion, including total organic growth of 2 percent to 4 percent year-over-year.

One of the group’s strongest areas of growth is estimated to come across its adjusted EPS – the company reported an expected range of $2.02 to $2.08 per diluted share.

IHS Markit concluded that the above outlook assumes no further currency movements, acquisitions, divestitures, pension mark-to-market adjustments or unanticipated events.

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