TransUnion reported revenue of $283.3 million, an increase of 10.0% compared to the second quarter of 2011. Weakening foreign currencies accounted for a reduction in revenue of 2.1%. Acquisitions accounted for 2.6% of revenue growth in the second quarter.

USIS revenue was $180.5 million, an increase of 8.9% percent compared to the second quarter of 2011, driven by double digit growth in Online Data Services and Decision Services.  Acquisitions accounted for 1.0% of revenue growth.

  • Online Data Services revenue was $125.4 million, an increase of 10.8%, driven by an increase in core credit report volumes.
  • Credit Marketing Services revenue was $30.8 million, a decrease of 4.6%, due to lower card acquisition activity.
  • Decision Services revenue was $24.3 million, an increase of 20.3%, driven by strong performance in Healthcare and Financial Services, and the integration of FHS.

International revenue was $57.5 million, an increase of 5.5% compared to the second quarter of 2011. Weakening foreign currencies accounted for a reduction in revenue of 9.6%. Acquisitions accounted for 9.4% of revenue growth.

  • Developed markets revenue was $23.0 million, an increase of 0.9%, driven by local currency growth. Weakening foreign currencies accounted for a reduction in revenue of 3.1%.
  • Emerging markets revenue was $34.5 million, an increase of 8.8%, driven by local currency growth, and the acquisition of Crivo and CRB. Weakening foreign currencies accounted for a reduction in revenue of 14.4%.  Acquisitions accounted for 16.1% of revenue growth

Interactive revenue was $45.3 million, an increase of 21.4% compared to the second quarter of 2011, driven by higher subscription revenue in the direct and indirect channels.

Six Months Results: The Company reported revenue of $563.9 million for the first half ended June 30, 2012, an increase of 12.0% compared to the first half of 2011. Weakening foreign currencies accounted for a reduction in revenue of 1.6%. Acquisitions accounted for 2.6% of revenue growth in the first half of 2012.

Operating income of $36.8 million, compared to $115.6 million in the first half of 2011, was impacted by $90.3 million of 2012 Change in Control Transaction related expenses. Adjusted Operating Income was $127.1 million, an increase of 4.3% compared to the first half of 2011 despite the negative impact of $14.2 million of purchase accounting depreciation and amortization.

During the earnings conference call CEO Siddharth Mehta reiterated his decision to relinquish his role as president and chief executive officer.  The Board of Directors of TransUnion has authorized a review of candidates for president and chief executive officer of the company and expects to have a successor to Mr. Mehta in place by the end of 2012.

Source: TransUnion Press Release