IHS Q4 Net Income Narrows

The quarter-over-quarter decrease of net income was due to discrete pension items, without which net income would have increased to $41.5 m, or $0.63 per diluted share.

The company posted total revenue of $370.65m, for the fourth quarter of 2011, an increase of 27 percent, compared to $292.82m for the same period of 2010. Total operating expenses were $344.49m for the fourth quarter of 2011, compared to $245.97m for the same period of 2010.

Operating income was $26.16m for the fourth quarter of 2011, compared to $46.85m for the same period of 2010.

For the fiscal year ended November 30, 2011, net income was $135.41m, or $2.06 per diluted share, compared to net income of $137.7m, or $2.13 per diluted share, for the same period of fiscal 2010. The year-over-year decrease was due to the discrete pension items, without which net income would have increased to $154.2m, or $2.35 per diluted share.

Total revenue was $1.32 billion for the fiscal year 2011, an increase of 25 percent, compared to $1.05 billion for the same period of fiscal 2010. Total operating expenses were $1.15 billion, compared to $0.88 billion for the same period of fiscal 2010.

Operating income for the fiscal 2011 was $172.46m, compared to $174.12m for the same period of fiscal 2010.

Jerre Stead, chairman and CEO of IHS, said: “Our 2011 results were a record in all respects, and especially notable in light of the uncertain macroeconomic environment. 2011 was a historic year for IHS both in terms of the level of investment we made in our infrastructure to create scalable platforms as well as the amount of capital deployed for strategic acquisitions, both of which will enable profitable growth for years to come.”

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