UPDATE: IHS Q4 Profit Beats Expectations - IHS Holding (NYSE:IHS)

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IHS Inc

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(NYSE: IHS) reported a stronger-than-expected fourth-quarter profit.The Englewood, Colorado-based company posted quarterly net income of $60.1 million, or $0.87 per share, compared to $40.8 million, or $0.60 per share, in the year-ago period. Excluding items, the company earned $1.68 per share.Its revenue increased around 4% to $582.3 million, while total organic revenue gained around 4%. However, analysts were expecting earnings of $1.55 per share on revenue of $585.7 million.Revenue for Americas rose 3% to $380 million in the quarter, while revenue for EMEA surged 5% to $145 million. Revenue for APAC gained 10% to $57 million.Subscription revenue surged 6%. Adjusted EBITDA surged 10% to $186 million.The acquisition-related costs declined to $884,000, versus $5.4 million. “We were pleased to see organic growth that developed as we expected and outlined on last quarter's call,” said Scott Key, IHS president and chief executive officer. “Our growth in the period was broad-based, reflecting our strategy of being the global multi-industry business information services leader.”IHS projects FY15 adjusted profit of $6.10 to $6.30 per share on revenue of $2.36 billion to $2.40 billion. Analysts projected a profit of $6.36 per share on revenue of $2.37 billion.For the year, IHS projected organic revenue growth of 6% to 7%. It also expected margins to increase by 1 percentage point.IHS shares rose 0.32% to close at $110.13 yesterday.