Core revenue results for the second quarter of 2014 reflect the following by solution set:
- Risk Management Solutions revenue of $255.9 million, down 1% year over year both before and after the effect of foreign exchange; and
- Sales & Marketing Solutions revenue of $137.1 million, up 8% year over year both before and after the effect of foreign exchange.
Operating income before non-core gains and charges for the second quarter of 2014 was $91.3 million, down 8% from the prior year similar period; results were impacted by planned strategic investments to drive long-term growth. On a GAAP basis, operating income for the second quarter of 2014 was $85.0 million, down 10% from the prior year similar period.
Free cash flow for the first six months of 2014 was $200.0 million, compared with $208.0 million in the prior year similar period. Net cash provided by operating activities for the first six months of 2014 was $221.7 million, compared with $234.7 million in the prior year similar period. The Company ended the second quarter of 2014 with $285.9 million of cash and cash equivalents and total gross debt of $1,566.9 million.
“I’m pleased to report the company has posted its third consecutive quarter of top line growth and second quarter results came in ahead of our expectations,” said Bob Carrigan, President & CEO of Dun & Bradstreet. “We are investing in our strategy with a focus on helping our customers succeed in today’s increasingly data-driven world, and delivering long term sustainable growth as well as value for our customers.”
Source: D&B Press Release