Dun & Bradstreet Corporation (DNB) swung to a net loss for the quarter ended Sep. 30, 2016. The company has made a net loss of $29.40 million, or $ 0.80 a share in the quarter, against a net profit of $59 million, or $1.62 a share in the last year period. On the other hand, adjusted net income for the quarter stood at $66.20 million, or $1.79 a share compared with $66.90 million or $1.84 a share, a year ago.
Revenue during the quarter went up marginally by 1.62 percent to $412.80 million from $406.20 million in the previous year period. Total expenses were 76.55 percent of quarterly revenues, down from 79.07 percent for the same period last year. This has led to an improvement of 252 basis points in operating margin to 23.45 percent.
Operating income for the quarter was $96.80 million, compared with $85 million in the previous year period.
However, the adjusted operating income for the quarter stood at $107.30 million compared to $106 million in the prior year period.
"We are continuing to execute against our strategy and are leveraging our multi-channel go-to-market approach to drive adoption of our more modern, as-a-service offerings," said Bob Carrigan, CEO of Dun & Bradstreet. "We remain focused on providing our leading commercial data and analytics to our customers when and where they need them, while driving long-term, sustainable growth for the Company."
For financial year 2016, Dun & Bradstreet Corp forecasts adjusted revenue to grow in the range of 4 percent to 6 percent. The company forecasts operating income to grow in the range of 1 percent to 5 percent.
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