Verisk Analytics, Inc. (Nasdaq:VRSK), a leading source of information about risk, announced total revenue increased 14.0%, and excluding the impact of recent acquisitions, revenue grew 6.4% for second-quarter 2012. Revenue growth in the second quarter was driven by a 22.6% increase in Decision Analytics revenue, with additional contribution from the 2.6% growth in Risk Assessment revenue. Risk Assessment revenue growth excluding the reclassification of $3.2 million of revenue to Decision Analytics in second-quarter 2012 was 4.9%.
EBITDA increased 14.0% to $163.8 million for second-quarter 2012, with an EBITDA margin of 43.9%. Net income was $73.3 million for second-quarter 2012 and adjusted net income was $80.6 million, an increase of 11.8% and 13.7%, respectively, versus the comparable period in 2011. .
Frank J. Coyne, chairman and chief executive officer, said, “Our insurance assets continue to perform well despite lighter storm activity, and we are pleased with our level of dialogue with customers around new and existing solutions, including in the underwriting division. As expected, the macro environment for mortgage continues to be a challenge, but I remain reassured by the quality of our tools and depth of our relationships with financial institutions.”
Source: finance.sfgate.com
