Shulou(Shulou.com)05/31 Report--

The breakdown results are as follows (other breakdown information is included later in this release):

Financial services. In the first quarter, financial services revenue grew by $27 million, or 7 per cent, to $436 million, a natural increase of 7 per cent. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for financial services rose $22 million to $205 million in the first quarter, up 12% from a year earlier.

Traffic. Transportation revenue in the first quarter increased by US $9 million, or 3 per cent to US $297 million, of which it naturally increased by 9 per cent. After adjusting its transportation business in the first quarter, EBITDA increased by $4 million, or 3%, to $118 million.

Resources. The division's revenue increased by $9 million, or 4%, in the first quarter. 226 million US dollars, a natural increase of 1 per cent. Adjusted resource EBITDA fell 3% in the first quarter, or $3 million, or $90 million.

Merge Markets and Solutions (CMS). CMS's first-quarter revenue fell $10 million, or 8 per cent, to $122 million, with total organic growth of 3 per cent. In the first quarter, CMS's adjusted EBITDA was flat at $29 million.

External

IHS Markit will provide updates and additional information to the FY2020 guidance during the fiscal 2020 first quarter earnings conference call to be released before 83336,000 a.m. EDT on March 24, 2020. The conference call will be broadcast live on the investor relations section of the company's website. In about two hours, the revenue webcast will be replayed. Webcast records will be available in the "Investor Relations" section of the company's website for a period of one year.

# # #

The use of non-GAAP financial indicators.

The results of non-GAAP are used only as a supplement to the financial statements of the United States generally accepted Accounting principles (GAAP). The purpose of providing non-GAAP financial information is to enhance readers' understanding of our financial performance. However, these non-GAAP financial indicators cannot be regarded as generally accepted terms under GAAP, so they should not be regarded as independent or a substitute for financial indicators calculated on the basis of the following standards. The schedule attached to IHS Markit's quarterly earnings release provides definitions and reconciliations of non-GAAP indicators (such as earnings before interest, taxes, depreciation and amortization, adjusted net income, adjusted earnings per share and free cash flow) and the most directly comparable GAAP indicators. The investor relations section of the company's website.

We use non-GAAP measures in operational and financial decisions. We believe that such measures enable us to focus on performance indicators of ongoing operations that we consider more reliable, as well as our ability to generate cash flow from operations. We also believe that, for the same reason, investors may find these non-GAAP financial indicators useful, although non-GAAP financial indicators cannot replace GAAP financial indicators or disclosures. These non-GAAP financial indicators are not generally accepted terms under GAAP and are not intended to replace any other GAAP indicators.

Securities analysts, investors and other interested parties often use non-GAAP measures when evaluating IHS Markit companies, and many of them use non-GAAP measures when reporting performance. These metrics are useful for assessing our performance relative to our peers because we believe they can provide users with valuable insights into key components of GAAP financial disclosure. However, measures of non-GAAP as analytical tools have their limitations. Since not all companies use the same calculation method, our statement of non-GAAP financial indicators may not be able to compare with other indicators with similar names of other companies. They are not introduced in accordance with GAAP, nor are they a measure of financial position or liquidity, and should not be seen as an alternative to current profit or loss determined under GAAP or operating cash flow based on GAAP. Therefore, you should not consider such performance indicators separately from operating results determined in accordance with GAAP, nor should they be used as an alternative analysis.

Forward-looking statements

This letter contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements express management's current views on future business, events, trends, emergencies, financial conditions or financial conditions. These statements appear in various places of this exchange, using "objective", "expectation", "hypothesis", "belief", "continuation", "possibility", "estimate", "expectation", "forecast", "future", "project", "see", "seek" and "seek". Examples of forward-looking statements.

These include our statements on guidance and projections related to expected operating results, such as revenue growth and earnings; strategic actions, such as acquisitions, joint ventures and sales, expected revenue, and our strategic actions to successfully integrate our acquisition operations; expected levels of future capital expenditure; expected levels of future liabilities, capital allocations, dividends and share buybacks We believe we have sufficient liquidity to fund our ongoing business; it is expected to have an impact on our claims, litigation, environmental costs, contingent liabilities, as well as the financial position of our government and regulatory investigations and litigation; and our customer retention, growth, product development, market position, financial performance and reserve strategy. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on management's current beliefs, expectations and assumptions about the future of our business, current plans and strategies, projections, expected events and trends, economic and other future conditions. Because forward-looking statements are relevant to the future, they will be affected by inherent uncertainties, risks and environmental changes, which are difficult to predict, many of which are beyond our control. Important factors that could cause our actual performance and financial position to differ materially from those stated in the forward-looking statements have been discussed more comprehensively under the heading "risk factors" of our annual report in form 10K.

Our other documents are the Securities and Exchange Commission ("SEC"). However, these factors should not be seen as a complete statement of all potential risks and uncertainties. Unlisted factors may pose significant other obstacles to the realization of forward-looking statements. You are reminded not to rely too much on these forward-looking statements, which are based only on the information currently available to our management and are used only as of the date of this communication. Unless otherwise required by securities and other applicable laws, we are under no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future developments or other factors. Please refer to factors not listed in the Securities and Exchange Commission or on the website that may pose significant other obstacles to the realization of forward-looking statements. You are reminded not to rely too much on these forward-looking statements, which are based only on the information currently available to our management and are used only as of the date of this communication. Unless otherwise required by securities and other applicable laws, we are under no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future developments or other factors. Please refer to factors not listed in the Securities and Exchange Commission or on the website that may pose significant other obstacles to the realization of forward-looking statements. You are reminded not to rely too much on these forward-looking statements, which are based only on the information currently available to our management and are used only as of the date of this communication. Unless otherwise required by securities and other applicable laws, we are under no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future developments or other factors. Please refer to the public documents of the Securities and Exchange Commission or on the website. This information is only based on the information currently available to our management and is subject to the date of this exchange only. Unless otherwise required by securities and other applicable laws, we are under no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future developments or other factors. Please refer to the public documents of the Securities and Exchange Commission or on the website. This information is only based on the information currently available to our management and is subject to the date of this exchange only. Unless otherwise required by securities and other applicable laws, we are under no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future developments or other factors. Please consult public documents on the Securities and Exchange Commission or on the website unless otherwise required by securities and other applicable laws.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.