If you break down growth, you’ll see our developing markets grew roughly a 11%, that’s versus a 19% comp a year ago. It was interesting. If there is any phenomena going on there that might take that number down a bit relative to the past and it’s hard to actually put your finger on it, it would be the global multinationals are just a little more selective than they have been about country and category combinations as they continue their global development. But I don’t see them lightening up at all, it’s just being selective.
With respect to investing for growth, we remain very much on track. Walmart continues to go well. Most of the operational risks related to the data in incorporation into our metric, all those things that we’re doing with and for Walmart for their insight and benefit are going very well. We continue to be on plan. And I’d say most of those risks are behind us. Global reach and read we continued with vesting very strongly. This again hits whole China, whole India and broadly in Africa and momentum in those markets continues to support those investments.
We continue to invest in online campaign ratings. It’s going very well. I’ll talk about that a little later and in market effectiveness, which is really feeds our insight practices and combines the watch and buy data that we have across our enterprise.
All in all, I feel very good about, again, the revenue performance, where we are situated with clients and the prospects on the year ahead. We will reaffirm both our revenue and adjusted EBITDA for the year and raise our earnings per share $0.06.With respect to key initiatives, I mentioned the U. S. retail expansion, which is Walmart, which is the single biggest coverage expansion we’ve had in certainly my history, but I think over a couple of decades. It is still on track for late second quarter delivery. With respect to manufacturing negotiations and customer negotiations, we are complete and that’s reflected in our 2012 guidance. And importantly, as I mentioned on the last call, we are beginning to see the re-emergence of insight opportunities related to the incorporation of that data.Read the rest of this transcript for free on seekingalpha.com
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