Dun & Bradstreet Reports Third Quarter 2015 Results
SHORT HILLS, N.J.-- (BUSINESS WIRE) -- Dun & Bradstreet (NYSE:DNB), reported results for the third quarter ended September 30, 2015 of As Adjusted diluted earnings per share of $1.84, up 3% from $1.78 in the third quarter 2014; GAAP diluted earnings per share were $1.62, down from $1.85 in the third quarter 2014.
"We continued to make progress executing on our strategy for growth during the third quarter," said Bob Carrigan, CEO of Dun & Bradstreet. "The integrations of our recent acquisitions are on track. Also, demand for our newer solutions resulted in our strongest growth in deferred revenue in our Americas segment in several years."
Third Quarter 2015 Highlights
- As Adjusted revenue up 8% year over year, before the effect of foreign exchange (up 6% after the effect of foreign exchange); flat organic growth before the effect of foreign exchange; and GAAP revenue up 6% year over year, before the effect of foreign exchange (up 4% after the effect of foreign exchange);
- Deferred revenue for the Company as of September 30, 2015 was $580.9 million, up 13%; Americas was $490.9 million, up 20% and Non-Americas was $90.0 million, down 13%. After adjusting for the effect of foreign exchange and the acquisitions of NetProspex and Dun & Bradstreet Credibility Corp., total Company deferred revenue was up 2% compared to last year, Americas was up 4% and Non-Americas was down 6%. Committed sales through Alliance partners would have added two points of growth to total Company and Americas deferred revenue;
- As Adjusted operating income of $106.0 million, up 1% year over year and GAAP operating income of $85.0 million, down 10% year over year; GAAP results were negatively impacted by acquisition-related expenses such as amortization of intangibles;
- Free cash flow for the first nine months of 2015 was $240.1 million, up 4% compared to $231.4 million for the first nine months of 2014; net cash provided by operating activities for the first nine months of 2015 was $283.5 million, up 7% compared to $265.7 million for the first nine months of 2014.
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