TransUnion reported revenue of $280.6 million, an increase of 14.1% compared to the prior year period. Excluding the impact of weakening foreign currencies, revenue increased 15.4% compared to the first quarter of 2011. Operating income was $65.6 million, an increase of 19.1% compared to last year. Net income attributable to TransUnion was $10.2 million compared to a loss of $25.5 million in the first quarter of 2011.
Revenue in USIS Decision Services increased 20.2% compared to the first quarter of 2011, driven in part by the acquisition of Financial Healthcare Systems (“FHS”).
Revenue in International emerging markets increased 15.5% compared to the first quarter of 2011, driven in part by the acquisition of Crivo Sistemas em Informatica, S.A. (“Crivo”) in Brazil and partially offset by a negative impact from currency.
Revenue in the Interactive segment increased 20.6% compared to the first quarter of 2011, driven by growth in the direct and indirect channels.
Adjusted EBITDA increased 13.9% compared to the first quarter of 2011, driven by double-digit revenue growth, partially offset by planned integration costs related to our recent acquisitions of FHS and Crivo.
“Building on a robust 2011, TransUnion accelerated growth in the first quarter as strong core business performance was supplemented by the benefit of recent investments and positive macroeconomic tailwinds,” said Bobby Mehta, President and Chief Executive Officer. “We reported double digit top-line growth in each of our three business segments demonstrating the strong position of our core business and effectiveness of our growth strategy. I’d like to take this opportunity to thank the Pritzker family business interests, Penny Pritzker, our former Chairman, and Madison Dearborn Partners for their significant contribution to our growth and development. We look forward to continued success with Advent International and Goldman Sachs Capital Partners, as we work closely with them to continue executing against our strategy and driving long-term growth opportunities.”
Source: TransUnion Press Release