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IHS Markit reports Q1 beats, in-line guidance

Published 03/27/2018, 07:45 AM
Updated 03/27/2018, 07:45 AM
© Reuters.  IHS Markit reports Q1 beats, in-line guidance
  • IHS Markit (NASDAQ:INFO) shares are down 0.06% premarket on Q1 results that beat estimates with a 10% Y/Y revenue growth. In-line FY18 guidance has revenue from $3.825B $3.875B (consensus: $3.85B) and EPS from $2.23 to $2.27 (consensus: $2.26).
  • Revenue breakdown: Recurring fixed, $683.3M (+6% Y/Y organic); Recurring variable, $117.1M (+7%); Non-recurring, $131.7M (+8%).
  • Key metrics: Adjusted EBITDA, $359M; cash flow from operations, $203M; FCF, $148M; cash and cash equivalents, $156M; operating expenses, $792.4M.
  • Listen to IHS Markit’s earnings call at 8 AM ET with a webcast available here.
  • Press release
  • Previously: IHS Markit beats by $0.03, beats on revenue (March 27)
  • Now read: Cloud Computing Growth Poised To Make Microsoft (NASDAQ:MSFT) A Trillion Company


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