IHS Markit Ltd. (NASDAQ:INFO) Q2 2017 Earnings Conference Call - Preliminary Transcript

Jun 27, 2017 • 08:00 am ET


IHS Markit Ltd. (NASDAQ:INFO) Q2 2017 Earnings Conference Call - Preliminary Transcript


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Good day, ladies and gentlemen, and welcome to the IHS Markit Second Quarter 2017 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this conference call is being recorded.

I would now like to introduce your host for today's conference, Mr. Eric Boyer. Sir, you may begin.

Eric Boyer

Good morning and thank you for joining us for the IHS Markit Q2 2017 earnings conference call. Earlier this morning, we issued our Q2 earnings press release and posted supplemental materials to the IHS Markit Investor Relations Website. Some of our comments and discussions on the quarter are based on non-GAAP measures. Our non-GAAP or adjusted numbers exclude stock-based compensation, amortization of acquired intangibles, and other items.

The non-GAAP results are a supplement to the GAAP financial statements. IHS Markit believes this non-GAAP presentation and the exclusion of these items is useful in order to focus on what we deem to be a more reliable indicator of ongoing operating performance. As a reminder, this conference call is being recorded and Webcast and is a copyrighted property of IHS Markit. Any rebroadcast of this information in whole or in part without the prior written consent of IHS Markit is prohibited. Please keep in mind that this conference call, especially the discussion of our outlook, may contain statements about expected future events that are forward-looking and subject to risks and uncertainties.

Factors that could cause actual results to differ and vary materially from expectations can be found on IHS Markit's filings with the SEC and the IHS Markit Website. After our prepared remarks, Jerre Stead, Chairman and CEO; Lance Uggla, President; and Todd Hyatt, EVP and Chief Financial Officer, will be available to take your questions.

With that, it is my pleasure to turn the call over to Jerre Stead. Jerre?

Jerre Stead

Thank you, Eric, and our thanks to all of you for joining the IHS Markit Q2 Earnings Call. We will review our Q2 results, provide you with an update on our integration work, and discuss some of the other highlights from the quarter. We were very pleased with all that we accomplished in Q2 as we produced solid financial performance, continued to make progress with our integration, and hosted our first Investor Day as IHS Markit.

It was great to see many of you at our Investor Day. The team did an outstanding job of laying out why we feel so confident in the long-term outlook for IHS Markit. As Lance described so well, the combination of our unique information assets and industry expertise puts us in an unparalleled position to benefit from our customers increasing need for actionable intelligence in the years to come. We will best position ourselves to take advantage of this opportunity through the incremental investments we discussed at our Investor day. These investments are made possible by the ongoing efforts of our team delivering the merger synergies.