* Fourth-quarter adjusted earnings $1.21/share vs est $1.11
* Fourth-quarter revenue $414.4 mln vs est $409.9 mln
By Sruthi Ramakrishnan
Jan 8 IHS Inc, publisher of Jane's
Defence Weekly, posted better-than-expected quarterly results as
spending deferred during the preceding quarter boosted
"There was a lot of one-time non-subscription based software
orders ... some very good contracts," Chief Executive Jerre
Stead told Reuters.
Revenue from its non-subscription business, which includes
consulting, software licenses, and events, grew 15 percent to
$112.2 million during the quarter.
However, certain deals expected to close in the fourth
quarter have now moved into the current quarter, Stead said.
IHS said it expects the first half of 2013 to be lighter on
revenue and profit due to the continued global economic
The company last month forecast 2013 adjusted earnings of
between $4.23 and $4.43 per share on revenue of between $1.64
billion and $1.71 billion.
Net income more than doubled to $46.4 million, or 69 cents
per share, in the fourth quarter, from $22.7 million, or 34
cents per share, a year earlier.
Excluding items, the company earned $1.21 per share in the
Revenue for the company, which competes with units of
Thomson Reuters Corp, SAP, McGraw-Hill
Companies Inc, Accenture Plc and Deloitte, rose
12 percent to $414.4 million.
Analysts on average were expecting earnings of $1.11 per
share on revenue of $409.9 million, according to Thomson Reuters
IHS also named Todd Hyatt as its Chief Financial Officer
replacing Rich Walker, who will head global finance.
Shares of the Englewood, Colorado-based company have risen
13.25 percent over the last year. They closed at $96.90 on the
New York Stock Exchange on Monday.