IHS Inc. Receives Buy Rating (IHS)

IHS Inc. IHS has announced impressive fiscal Q2 results. It has shown organic revenue growth and healthy margins, in addition to upwardly revising earnings estimates. The company’s cash EPS increased 27% year over year to $0.87 from $0.69 in the year ago period. Its adjusted EPS also increased 29% year over year to $0.78, up from $0.61 a year ago. The company showed 4% year over year organic growth in its revenue. The growth was fueled by improved customer renewal rates, a strong product life cycle operating unit, and pricing. The company has also raised its forward looking guidance. Piper Jaffray has given IHS a ‘Buy’ rating.