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TransUnion Q2 Revenues up by 8.5% – Reverses Losses from First Quarter

TransUnion Corp (“TransUnion,” or the “Company”) announced financial results for the quarter ended June 30, 2011. The Company reported revenue of $257.5 million for the second quarter, an increase of 8.5 percent compared to the second quarter of 2010. Of this increase,  1.4 percent was due to the impact of strengthening foreign currencies.

Operating income was $60.5 million, an increase of 49.0 percent compared to the second quarter of 2010.  Net income from continuing operations attributable to TransUnion Corp. for the second quarter of 2011 was $23.2 million compared to a net loss of $27.0 million for the second quarter of 2010, an increase of $50.2 million.  

Adjusted EBITDA for the quarter was $91.2 million, an increase of 5.3 percent compared to the second quarter of 2010, with a corresponding margin of 35.4 percent for the second quarter of 2011 compared to 36.5 percent for the second quarter of 2010.

Revenue in USIS Credit Marketing Services increased 17.5 percent compared to the second quarter in 2010;  Revenue in International emerging markets increased 24.8 percent compared to the second quarter in 2010; and

Revenue in the Interactive segment increased 23.1 percent compared to the second quarter in 2010.

Source:  TransUnion Press Release

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