IHS Markit (NYSE:INFO) today reported its financial results for the second quarter ended May 31, 2021.

• Revenue for the second quarter of fiscal year 2021 amounted to $1.181 billion, up 15% from a year earlier, with 13% total organic revenue growth.
• Net income for the three months to end-May 2021 reached $159 million, up 122% from the equivalent period in 2020. Diluted earnings per share (EPS) were $0.40.
• Adjusted EBITDA amounted to $517 million and Adjusted earnings per diluted share (Adjusted EPS) were $0.81.
• Cash flow from operations reached $372 million and free cash flow was $301 million.

Across segments, Financial Services delivered solid results. Second quarter revenue for Financial Services increased $50 million, or 11%, to $493 million, and included 9% total organic growth. Second quarter Adjusted EBITDA for Financial Services increased $7 million, or 3%, to $238 million.

Second quarter revenue for Transportation increased $101 million, or 41%, to $344 million, and included 39% total organic growth. Second quarter Adjusted EBITDA for Transportation increased $69 million, or 68%, to $171 million.

Second quarter revenue for Resources marked a slight rise of 1%, to $221 million, with flat total organic growth. Second quarter Adjusted EBITDA for Resources decreased $5 million, or 5%, to $91 million.

Second quarter revenue for Consolidated Markets & Solutions (CMS) increased $2 million, or 2%, to $123 million, and included 1% total organic growth. Second quarter Adjusted EBITDA for CMS decreased $6 million, or 18%, to $29 million.