NEW YORK–(BUSINESS WIRE)–MSCI Inc. (NYSE: MXB – News), a leading global provider of investment decision support tools, including indices and portfolio risk and performance analytics, today announced results for the third quarter ended August 31, 2009.
(Note: Percentage changes are referenced to the comparable period in fiscal year 2008, unless otherwise noted.)
- Operating revenues decreased 1.4% to $108.9 million in third quarter 2009 and increased 0.2% to $324.2 million for the nine months ended August 31, 2009.
- Adjusted EBITDA increased 5.3% to a record $54.0 million in third quarter 2009 for an adjusted EBITDA margin of a record 49.6% and increased 6.5% to $155.8 million for an adjusted EBITDA margin of 48.1% for the nine months ended August 31, 2009. See Tables 9 and 13 each titled “Reconciliation of Adjusted EBITDA to Net Income.”
- Net income increased 10.8% to $20.9 million ($0.20 per diluted share) in third quarter 2009 for a net income margin of 19.2% and increased 3.3% to $57.3 million for the nine months ended August 31, 2009 for a net income margin of 17.7%.
Henry A. Fernandez, Chairman and CEO, said “I am pleased to report record levels of profitability with third quarter adjusted EBITDA of $54.0 million and a margin of 49.6%. The high margin inherent across most of our products coupled with our disciplined expense management enabled us to grow adjusted EBITDA 5.3% from a year-ago despite a 1.4% decline in revenues to $108.9 million. Excluding a one-time foreign exchange adjustment of $3.3 million, revenues increased 1.6% to $112.2 million. Our fees from licensing exchange traded funds experienced strong growth as the recovery in financial markets around the world continued during the quarter while our subscription fees were impacted by the lagging nature of our business relative to the market environment.”
“Early in the fourth quarter, we are seeing signs of easing budget constraints among some of our subscription fee clients which is resulting in healthy levels of sales activity. Retention rates, however, will likely remain under pressure as the operating environment for us remains challenging and many clients continue to monitor their spending closely. Notwithstanding the short-term challenges, our growth opportunities remain significant, and we continue to grow our headcount to capitalize on these opportunities and deliver value for our clients and shareholders,” added Mr. Fernandez.
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ATLANTA, Oct. 1 /PRNewswire-FirstCall/ — Global Payments Inc. (NYSE: GPN – News) today announced results for its fiscal first quarter ended August 31, 2009. For the first quarter, revenues grew 9% to $441.3 million compared to $405.8 million in the prior year. Diluted earnings per share were $0.71, flat when compared to the prior year quarter. On a constant currency basis, revenue and diluted earnings per share growth would have been 14% and 10%, respectively (See Schedule 5).
Chairman and CEO, Paul R. Garcia, stated, “Despite difficult macroeconomic conditions and unfavorable foreign currency trends affecting our year over year growth, we reported solid financial results driven by robust performance in our U.S. ISO channel, acquisition benefits from the U.K. and United Card Service and strong performance in our International businesses.
“Based on our current outlook, we continue to expect fiscal 2010 annual revenue of $1,690 million to $1,740 million, or 6% to 9% growth over fiscal 2009, and fiscal 2010 diluted EPS of $2.43 to $2.54, reflecting 9% to 14% growth over fiscal 2009 normalized EPS,” said Garcia.
Conference Call
Global Payments will hold a conference call today, October 1, 2009 at 5:00 p.m. EDT to discuss financial results and business highlights. Callers may access the conference call via the company’s Web site at www.globalpaymentsinc.com by clicking the “Webcast” button; or callers in North America may dial 1-888-668-1647 and callers outside North America may dial 1-913-312-0732. The pass code is “GPN.” A replay of the call may be accessed through the Global Payments’ Web site through October 15, 2009.
Global Payments Inc. (NYSE: GPN – News) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Latin America, Europe, and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. The company also provides consumer money transfer services from the United States and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit www.globalpaymentsinc.com.
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Fiscal Q4 results falls, in line with Wall St. view
* Sees FY 2010 EPS $2.64-$2.72
* Analysts expected FY 2010 EPS $2.75
* Shares fall after-hours
NEW YORK, Oct 1 (Reuters) – Technology outsourcing and consulting firm Accenture Plc (ACN.N) reported a fall in quarterly profit on Thursday, but gave a stronger-than-expected outlook for the fiscal year that began in September, supporting the view that corporate spending was recovering.
Accenture’s diluted net income for its fiscal fourth quarter ended Aug. 31 fell to $301.4 million, or 39 cents a share, from $543.1 million, or 67 cents a share, in the year-ago period.
Excluding restructuring charges, earnings fell to 63 cents a share, which was in line with the average analyst forecast according to Reuters Estimates.
For fiscal 2010, the company forecast earnings per share of $2.64 to $2.72, compared with $2.44 in the previous year. Analysts had expected $2.75, according to Reuters Estimates.
Accenture has fared relatively well amid a global economic slowdown due to solid demand for its outsourcing services, but many customers have been slowing the pace of ongoing projects and deferring large commitments to consulting projects.
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VICTOR, N.Y. (AP) — Wine and spirits maker Constellation Brands says it moved to a fiscal second-quarter profit because of lower restructuring costs and the absence of last year’s impairment charge. Its earnings topped analysts’ estimates.
The maker of brands like Robert Mondavi and other wine brands earned $99.7 million, or 45 cents per share, for the quarter ended Aug. 31. That compares with a loss of $22.7 million, or 11 cents per share, a year earlier.
Analysts forecast profit of 41 cents per share for the world’s biggest winemaker by volume.
Sales slipped 8 percent to $876.8 million, partly because of the sale of Constellation’s value spirits business and the stronger dollar. Sales still topped Wall Street’s $834.2 million estimate.
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