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Actionable news in IHS: IHS Inc CLASS A,

IHS misses revenue estimates as demand from energy clients falls

Jan 12 Business research provider IHS Inc reported quarterly revenue below analysts' estimates on Tuesday, hurt by lower revenue in the resources market as clients slashed spending in response to plunging oil prices.

The Englewood, Colorado information services firm's total revenue rose 2.7 percent to $555.7 million in the fourth fiscal quarter ended Nov. 30, excluding discontinued operations. Analysts on average had expected revenue of $599.4 million, according to Thomson Reuters I/B/E/S.

Total revenue from IHS' resources business, its biggest division, fell 9.3 percent to $214.6 million in the quarter.

The resources segment provides research on energy and chemicals, including global well, production and field...


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