Dun & Bradstreet Corporation (DNB) has reported an 1.69 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $78 million, or $2.10 a share in the quarter, compared with $76.70 million, or $2.11 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $110.80 million, or $2.99 a share compared with $104.80 million or $2.87 a share, a year ago.
Revenue during the quarter grew 3.56 percent to $517.10 million from $499.30 million in the previous year period. Total expenses were 68.54 percent of quarterly revenues, down from 74.22 percent for the same period last year. This has led to an improvement of 569 basis points in operating margin to 31.46 percent.
Operating income for the quarter was $162.70 million, compared with $128.70 million in the previous year period.
However, the adjusted operating income for the quarter stood at $180.70 million compared to $174.40 million in the prior year period.
“I’m proud of our team’s performance in the fourth quarter,” said Bob Carrigan, chairman and chief executive officer of Dun & Bradstreet. “We finished 2016 on a strong note, driving revenue growth and achieving all of our full year guidance metrics. As we enter 2017, we remain focused on executing our growth strategy and delivering increasing value to our customers across all of our lines of business.”
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