IHS Markit Reports Revenue Jump in Q1 2021

IHS Markit, a provider of Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term and financial markets solutions, has reported its financial results for the first quarter ended 28 February 2021. The company reported a revenue of $1,119 million in the first quarter of 2021, compared to $1,080 million in Q1 of 2020.

According to the official announcement, the adjusted EBITDA of IHS Markit reached $466.8 million in Q1 of 2021, which is up 8% compared to Q1 of 2020. The total free cashflow touched $171.9 million, compared to $117.4 million in Q1 of 2020.

Commenting on the latest financial results, Lance Uggla, Chairman and Chief Executive Officer at IHS Markit, said: “We are very pleased with our start to the year, with all of our segments performing at or above our expectations.”

IHS Markit reported a drop in net income and diluted earnings per share in Q1 of 2021. The company recorded a net income of $149 million and diluted earnings per share (EPS) of $0.37. Cash flow from operations stood at $244.5 million.

Performance of Financial Services

According to the results, Q1 of 2021 revenue for financial services increased $49 million, or 11%, to $485 million, and included 10% total organic growth. The first-quarter adjusted EBITDA for Financial Services increased $28 million, or 13%, to $233 million. Also, the first-quarter revenue for Transportation increased $15 million, or 5%, to $312 million, and included 4% total organic growth.

“As our end markets and business continue to recover, we now expect to deliver results in the upper half of our 2021 revenue, Adjusted EBITDA, and Adjusted EPS guidance ranges,” Jonathan Gear, Chief Financial Officer at IHS Markit mentioned in the official press release.

Finance Magnates earlier reported about a net income drop in IHS Markit’s Q4 of 2020 financial results. IHS Markit recently announced the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Cappitech. Furthermore, the company acquired Catena technologies last year.

“IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, the company is committed to sustainable profitable growth,” the official press release states.