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IHS Inc. (NYSE: IHS), the leading global source of information and analytics, today reported results for the fourth quarter and full year ended November 30, 2012. Revenue for the fourth quarter of 2012 totaled $414 million, a 12 percent increase over fourth quarter 2011 revenue of $371 million. Net income for the fourth quarter of 2012 was $46 million, or $0.69 per diluted share, compared to fourth quarter 2011 net income of $23 million, or $0.34 per diluted share. Revenue for fiscal year 2012 totaled $1.530 billion, up 15 percent over the prior year total of $1.326 billion. Fiscal year 2012 net income was $158 million, or $2.37 per diluted share, compared to fiscal year 2011 net income of $135 million, or $2.06 per diluted share.
Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) totaled $140 million for the fourth quarter of 2012, up 17 percent from $119 million in the fourth quarter of 2011. Adjusted earnings per diluted share were $1.21 for the fourth quarter of 2012, an increase of 22 percent over the prior-year period. Adjusted EBITDA for fiscal year 2012 totaled $485 million, up 21 percent from $401 million in 2011. Adjusted earnings per diluted share were $3.94 for fiscal 2012, an increase of 15 percent over the prior-year period. Adjusted EBITDA and adjusted earnings per share (EPS) are non-GAAP (Generally Accepted Accounting Principles) financial measures used by management to measure operating performance. Please see the end of this release for more information about these non-GAAP measures.
“The fourth quarter proved to be exactly what we thought it would be - solid performance in the face of strong macroeconomic headwinds, and we were pleased to deliver the fourth quarter and full year goals we outlined in September,” said Jerre Stead, IHS chairman and chief executive officer. “As we complete key investments in 2013, we will be better positioned than ever to achieve our long-term profitable growth goals."