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IHS’s fiscal second-quarter profit inched up 0.6 percent as the data provider and consultant reported higher revenue due to the benefits of acquisitions and organic growth, although gross margins declined and expenses jumped.
For the quarter ended May 31, IHS reported a profit of $38.7 million, up from $38.5 million a year earlier. On a per-share basis, earnings fell to 59 cents from 60 cents, as the company had 1.5 percent more shares outstanding. Excluding stock-based compensation and other impacts, earnings rose to 83 cents from 78 cents.
Revenue rose 22 percent to $325.1 million.
