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Moody’s Q1 Revenues Up 12% – Operating Income up 8%

Moody’s revenues showed a strong return to previous double digit growth.   The company reported total revenue of $646.8 million for the three months ended March 31, 2012 as compared to $577.1 million for the first quarter of 2011 (Up 12%).  Operating income for the quarter was $269.0 million, an 8% increase from $250.1 million for the same period last year. Diluted earnings per share were $0.76 for the first quarter of 2012.

For Moody’s Corporation overall, global revenue of $646.8 million for the first quarter of 2012 was up 12% from the first quarter of 2011. U.S. revenue of $344.0 million for the first quarter of 2012 increased 14% from the first quarter of 2011, while revenue generated outside the U.S. of $302.8 million increased 10% from the prior-year period.

Global revenue for Moody’s Investors Service (MIS) for the first quarter of 2012 was $452.7 million, an increase of 10% from the prior-year period. U.S. revenue of $259.2 million for the first quarter of 2012 increased 13% from the first quarter of 2011. Outside the U.S., revenue of $193.5 million increased 6% from the year-ago period. Foreign currency translation unfavorably impacted MIS revenue by $4.4 million.

Global revenue for Moody’s Analytics (MA) for the first quarter of 2012 was $194.1 million, up 18% from the first quarter of 2011.

Source: Moody’s Press Release

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