Moody’s Corporation reported revenue of $513.3 million for the three months ended September 30, 2010, an increase of 14% from $451.8 million for the third quarter of 2009. Operating income for the quarter was $188.9 million, a 10% increase from $172.5 million for the same period last year. Diluted earnings per share of $0.58 for the third quarter of 2010 included a one-time tax benefit of $0.07 associated with foreign earnings. Excluding minor restructuring items from both periods, diluted earnings per share of $0.58 for the quarter grew 35% from $0.43 in the prior-year period.

Global revenue for Moody’s Investors Service (“MIS”) for the third quarter of 2010 was $358.2 million, 17% higher than the prior-year period. Excluding the unfavorable impact of foreign currency translation, revenue increased 20 percent. U.S. revenue of $207.2 million for the third quarter of 2010 was up 26% from the same period of 2009. Outside the U.S., revenue of $151.0 million grew 7 percent.

Global revenue for Moody’s Analytics (“MA”) for the third quarter of 2010 reached $155.1 million, 6% above the same quarter of 2009, primarily driven by the delivery of risk management software projects and improving demand for research and data. The impact of foreign currency translation was negligible. Revenue from research, data and analytics of $106.0 million increased 3% from the prior-year period and risk management software revenue of $42.8 million grew 16 percent. Professional services revenue of $6.3 million was flat with the prior-year period.   MA revenue in the third quarter of 2010 was $71.1 million in the U.S. and $84.0 million outside the U.S., up 10% and 3%, respectively, over the prior-year period.   Source: Moody’s Press Release

BIIA Newsletter November I – 2010 Issue