D&B (NYSE: DNB) consolidated revenues for the first quarter of 2014 were US$ 381.9 million, up 1% before foreign exchange and flat after the effect of foreign exchange. Operating income was US$ 82.3 million, down 6%. Free cash flow for the first three months of 2014 was $148.5 million; Net cash provided by operating activities for the first three months of 2014 was $160.5 million.
North American Revenues were down 2%. Asia-Pacific revenues were up 2% (AFX) or 11% (BFX). Europe and other international markets reported growth of 6% (AFX) or 8% (BFX).
“We started the year in the right direction with first quarter results in line with our expectations. We’ve also started investing in our strategy to deliver indispensable content to customers through modern channels, to put us on a path towards long term sustainable growth,” stated D&B’s President and CEO, Bob Carrigan. “Recent acquisitions and the addition of a new alliance partner represent important steps towards achieving our goals. I am pleased with our early progress and our whole team is committed and energized to make D&B stronger than ever.”
As noted in the previous post, D&B announced the creation of a ‘cloud innovation center’. It acquired the social data matching business unit of Fliptop, a leader in software solutions that aggregates public web and social data, and only three days ago acquired Indicee, an innovator in the cloud-based analytics and business intelligence (BI) space.
Source: D&B Earnings Release