Excluding the divestiture of BusinessWeek, revenue for the segment grew by 4.3% and the revenue for the Business-to-Business Group increased 4.5% instead of the reported 9.5% decline. Revenue growth at Platts was the primary driver in the Business-to-Business Group’s first quarter. Demand for our global energy data and information products produced strong growth in both domestic and international markets. There also was improvement at J.D. Power and in aviation. Softness in construction reflected difficult conditions for smaller regional contractors in the current downturn. Operating profit increased by $25.0 million to $27.8 million reflecting solid growth by global energy products and the divestiture of BusinessWeek. Source: Company Earnings Release
About The Author
Joachim C Bartels is a co-founder, managing director 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.