IHS Inc. Receives Buy Rating (IHS)

IHS Inc. (NYSE: 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.