D&B’s total revenue for the first quarter of 2010 was $397.2 million.
This result is down 4%, before the effect of foreign exchange (down 3% after the effect of foreign exchange), as compared to the prior year period.
Operating income before non-core gains and charges for the first quarter of 2010 was $102.7 million, down 11% from the prior year similar period and in line with our expectations. On a GAAP basis, operating income was $93.3 million, down 19% from the prior year similar period, which includes $4.8 million of costs related to the Strategic Technology Investment, announced in February 2010.
Outlook for 2010: In its investor Day presentation Sara Mathew reconfirmed D&B’s guidance for 2010. Core revenue is expected to grow 1% – 3%. Operating income in the range of (2% – 2%. EPS growth of 1% to 6%. Free cash flow in the range of US$ 240 to US$ 270 million.
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