D&B Logo 600x200Total Q2 revenue was US$375.4 million versus US$368.0 million in Q2 2014.  Revenue of the Americas was US$302.9 million up 5%.  Non-Americas revenue was US$72.5 million versus US$80.5 million down 10%.

As Adjusted revenue up 6% year over year, before the effect of foreign exchange (up 4% after the effect of foreign exchange); and GAAP revenue up 5% year over year, before the effect . of foreign exchange (up 2% after the effect of foreign exchange);

As Adjusted operating income of $80.2 million, down 10% year over year due to the timing of investment spending; GAAP operating income of $58.2 million, down 30% year over year; GAAP results were negatively impacted by the timing of investment spending and acquisition-related expenses;

2015 Q2 D&B Quarterly ServicesDeferred revenue for the Company as of June 30, 2015 was $599.7 million, up 7%  -Americas was $507.0 million, up 12% and Non-Americas was$92.7 million, down 16%. After adjusting for the effect of foreign exchange and the acquisitions of NetProspex and Dun & Bradstreet Credibility Corp., total Company deferred revenue was down 1% compared to last year, Americas was slightly up, and Non-Americas was down 7%.  Committed sales through Alliance partners would have added one point of growth to total Company deferred revenue and two points to Americas deferred revenue.

“As I laid out at our Investor Day in mid-June, we continue to feel great about the market opportunity in front of us and how we are positioning ourselves to win. We are seeing positive traction in key areas of our strategy and are confident in our 2015 Q2 D&B Quarterly Summary Geo & Servicesoutlook for the year,” said Bob Carrigan, President & CEO of Dun & Bradstreet. “The launch of our Emerging Businesses Division is off to a good start as is the integration of NetProspex, and we remain focused on execution to deliver long-term sustainable growth.”

Second Quarter 2015 Segment Results

Americas

  • As Adjusted revenueof $309.1 million, up 8% year over year before the effect of foreign exchange (up 7% after the effect of foreign exchange); GAAP revenue of $302.9 million, up 6% year over year before the effect of foreign exchange (up 5% after the effect of foreign exchange);
  • As Adjusted operating income of $77.7 million, down 5% year over year, as expected due to the timing of investments. On a GAAP basis, operating income was $67.2 million, down 17% year over year. GAAP results were negatively impacted by the timing of investments and acquisition-related expenses.

Non-Americas

  • As Adjusted and GAAP revenuewere $72.5 million, flat year over year before the effect of foreign exchange (down 10% after the effect of the foreign exchange);
  • As Adjusted and GAAP operating incomewere $18.7 million. As Adjusted operating income was down 17% year over year, GAAP operating income was down 16% year over year.

Full Year 2015 Guidance

Dun & Bradstreet today reaffirmed its financial guidance for the full year 2015:

  • As Adjusted revenue growth 6% to 9%, before the effect of foreign exchange;
  • As Adjusted operating income of flat to 4%;
  • As Adjusted diluted EPS of (3%) to 1%; and
  • Free cash flow of $255 million to $285 million, which excludes the impact of legacy tax matters and any potential regulatory fines associated with our China operations.

Source:  D&B Earnings Release