Moody’s Corporation reported revenue of $477.8 million for the three months ended June 30, 2010, an increase of 6% from $450.7 million for the second quarter of 2009. Operating income for the quarter was $190.5 million, a 2% increase from $187.2 million for the same period last year. Diluted earnings per share of $0.51 for the second quarter of 2010 included a benefit of $0.02 associated with certain legacy tax matters and a minor restructuring-related adjustment. Excluding legacy tax and restructuring items from both periods, diluted earnings per share of $0.49 for the quarter grew 14% from $0.43 in the prior-year period.

Global revenue for Moody’s Investors Service (“MIS”) for the second quarter of 2010 was $328.6 million, 6% above the prior-year period. The impact of foreign currency translation was negligible. U.S. revenue of $194.5 million for the second quarter of 2010 increased 12% from the second quarter of 2009. Outside the U.S., revenue of $134.1 million declined 2% from the year-ago period.  

Global revenue for Moody’s Analytics (“MA”) for the second quarter of 2010 reached $149.2 million, up 6% from the same quarter of 2009. The impact of foreign currency translation was negligible. Revenue from research, data and analytics of $105.2 million increased by 3% from the prior-year period and risk management software revenue of $39.2 million grew 16 percent. Professional services revenue of $4.8 million increased 14% from the prior-year period.

BIIA Newsletter July II – 2010 Issue