McGraw-Hill Companies: Consolidated Q3 2012 Revenues Up 2%

Posted by Joachim Bartels | Nov 6, 2012 | Analytics, Business Information, McGraw-Hill, Rating Services, S&P, S&P Global Market Intelligence, United States | 0 |

The McGraw-Hill Companies (NYSE: MHP) reported third quarter revenue of $1,953 million, an increase of 2% compared to the same period last year. McGraw-Hill Financial reported a 15% increase and McGraw-Hill Education reported an 11% decline. Net income from continuing operations decreased 14% to $314 million and diluted earnings per share decreased 9% to $1.10.

McGraw-Hill Financial: The large decline in the education segment masked the stellar performance of the businesses that make up what will be the new McGraw-Hill Financial reported revenue of $1,117 million and adjusted segment operating profit of $402 million, an increase of 15% and 21%, respectively, compared to the same period a year ago. (for further details log on).

Source: McGraw-Hill Companies

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.