IHS Markit registers slight rise in fin services revenue in Q4 2021
IHS Markit Ltd (NYSE:INFO), a world leader in critical information, analytics and solutions, today published its financial report for the quarter to end-November 2021.
Fourth quarter revenue for Financial Services increased $14 million, or 3%, to $473 million, and included 12 percent total organic growth. The result was below the $490 million in revenue IHS Markit’s Financial Services delivered in the preceding quarter. Fourth quarter Adjusted EBITDA for Financial Services increased $27 million, or 12 percent, to $251 million.
Fourth quarter revenue for Consolidated Markets & Solutions (CMS) increased $11 million, or 9 percent, to $137 million, and included 10 percent total organic growth. Fourth quarter Adjusted EBITDA for CMS increased $7 million, or 24 percent, to $39 million.
Across all segments, revenue amounted to $1.176 billion in the quarter to end-November 2021, with 10 percent total organic revenue growth.
Net income amounted to $737 million and diluted earnings per share (EPS) were $1.83.
The company reported Adjusted EBITDA of $531 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.85.
Lance Uggla, chairman and chief executive officer at IHS Markit, commented:
“We had a great close to the year and had record organic revenue growth for both the quarter and the year. We entered FY22 with strong momentum across our businesses, which sets us up well for the year. As we continue to expect the merger with S&P Global to close in calendar Q1, I want to thank our colleagues, customers, and shareholders for their support over the years. I look forward to cheering for the combined IHS Markit and S&P Global in the years to come.”
Jonathan Gear, chief financial officer at IHS Markit, added:
“Q4 was a strong finish to a great year for IHS Markit. I want to thank our teams for maintaining their focus and delivering such strong results while continuing to manage to the merger with S&P Global.”