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Solera Holdings, Inc. Reports First Quarter Fiscal Year 2011 Results: EPS of $0.41

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Solera Holdings, Inc. (NYSE: SLH), the leading global provider of software and services to the automobile insurance claims processing industry, today reported results for the first quarter of fiscal year 2011.

Results for the First Quarter Ended September 30, 2010:

GAAP Results

* Revenue for the first quarter was $158.9 million, a 5.4% increase over the prior year first quarter revenue of $150.8 million. After adjusting for changes in foreign currency exchange rates ("FX Changes"), revenue for the first quarter of fiscal year 2011 increased by approximately 10.5% over the prior year first quarter revenue;
* GAAP net income attributable to Solera Holdings, Inc. for the first quarter was $29.1 million, a 45.7% increase over the prior year first quarter GAAP net income attributable to Solera Holdings, Inc. of $20.0 million;
* Diluted net income attributable to Solera Holdings, Inc. per share for the first quarter was $0.41, a 41.4% increase over the prior year first quarter diluted net income attributable to Solera Holdings, Inc. per share of $0.29.

Posted-In: Earnings News

 

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