Moody’s reported revenue of $605.2 million for the three months ended June 30, 2011, an increase of 27% from $477.8 million for the second quarter of 2010. Operating income for the quarter was $270.1 million, a 42% increase from $190.5 million for the same period last year.
“Moody’s second quarter results reflected gains in all credit ratings areas, particularly for corporate debt, and continued strong performance from Moody’s Analytics,” said Raymond McDaniel, Chairman and Chief Executive Officer of Moody’s. “Based on second quarter performance, we are raising our full year 2011 EPS guidance to a range of $2.38 to $2.48; however, we expect more challenging debt issuance conditions in the U.S. and Europe in the second half of 2011 as compared to the first half of the year.”
Moody’s is back on the growth track and operating margins are improving (Q2 44.6% as compared to 37% in 2010).
Source: Moody’s Press Release