D&B’s total revenue for the third quarter of 2009 was $399.0 million, down 1% as compared to the prior year period, which included the results of a divested business (Italy) before the effect of foreign exchange (down 3 percent after the effect of foreign exchange).

Operating income before non-core gains and charges for the third quarter of 2009 was $104.8 million, down 3 percent from the prior year similar period.  On a GAAP basis, operating income was $92.6 million, up 2 percent from the prior year similar period. During the third quarter of 2009, the Company also incurred transition costs of $4.0 million compared to $3.1 million incurred in the prior year similar period. 

In contrast to its North American business D&B International grew 24% in the third quarter.  Organic revenue was once again up 11%, driven by strength in both Europe and Asia.  Inorganic growth 13 points came from acquisitions in India and China.   D&B management is quite pleased with the international performance and the way our international strategy is being executed across the region.  Asia, which now represents almost 40% of D&B International’s business, growth is fueled by three key markets Japan, China and India.   In China, the recent acquisitions of Roadway and HC International in the sales and marketing segment appear to be performing well.  D&B India’s performed well in Q3, its business being unique leveraging local expertise to enhance D&B’s brand resulting in a very strong S&MS and RMS presence.

D&B reconfirmed its guidance for the full year of 2009:  Core revenue down 1% to up 1 % (before FX); operating income down 3% to up 1%; free cash flow of US$285 million to US$315 million.   Source: D&B Earnings Release

BIIA Newsletter November – December 2009 Issue