(Reuters) – Information Corp (NASDAQ:) beat estimates for first-quarter income and revenue on Thursday, pushed by development in its digital actual property companies, e book publishing and Dow Jones segments.
The corporate additionally mentioned Susan Panuccio will depart from her function as finance chief and might be changed by Lavanya Chandrashekar early subsequent yr.
The corporate’s Dow Jones section, which gives information and enterprise info and that features the Wall Avenue Journal, Barron’s, MarketWatch and Investor’s Enterprise Day by day, noticed a surge in content material licensing and digital subscription within the first quarter.
The section, which accounts for the biggest share of income, grew 3% to $15 million within the quarter on a strong skilled info enterprise.
Information Corp’s income stood at $2.58 billion within the quarter ended Sept. 30, in contrast with an estimate of $2.57 billion, in response to knowledge compiled by LSEG.
Property itemizing agency REA Group, which is 62% owned by Information Corp, noticed a 22% rise in income to $54 million, as residential demand stays robust in Australia resulting from value hikes.
Income from its e book publishing unit, which consists of HarperCollins, rose 4% on larger gross sales of its bodily and digital books.
Information Corp’s adjusted revenue per share stood at 21 cents within the quarter, beating estimates of 16 cents.
