Core revenue for the full year 2011 was $1,758.5 million. This result is up 5% from the prior year similar period, before the effect of foreign exchange, (up 7% after the effect of foreign exchange). Operating income before non-core gains and charges for the full year 2011 was $500.1 million, up 4% from the prior year similar period. On a GAAP basis, operating income for the full year 2011 was $424.8 million, up 4% from the prior year similar period.
Total year revenues for Risk Management Solutions grew by 6% to US$ 1,114.4 million; Sales & Marketing Solutions grew by 5% to US$ 520.8 million and Internet Solutions grew by 7% to US$ 123.4 million. Revenue growth of its North American operations was 1%. Asia-Pacific operations grew 43% and European and other markets grew by 24% (all percentage figures before effect of foreign exchange).
Following the earnings release D&B’s stock declined 4.8 percent to $80.22. on February 7th 2012. D&B shares had risen to an almost one-year high of $84.97 on Feb. 3.
In February 2010 D&B had announced a technology program, which it calls ‘MaxCV’, with an estimated cost of $130 million. MaxCV was expected to be completed this year. The cost of the project has been revised upward to $160 million and is now expected to be completed by the second half of next year.
Source: D&B Press Release
