Boston, MA 06/20/2014 (wallstreetpr) – Today, IHS Inc. (NYSE:IHS), which is a supplier of critical information from across the globe, said that it has identified a probable new uranium hexafluoride plant in India.
Uranium Site
IHS Inc. (NYSE:IHS) noted that the plant is located at the Indian Rare Metals Plant (IRMP) in a nearby area of Mysore. The discovered site in India will aid new centrifuges, which will further boost the India’s capacity in uranium enrichment. The same could be utilized to multiply India’s nuclear submarine fleet and to help the expansion of thermonuclear weapons. According to the company’s experts, the plant could be put into operation by mid or late of 2015.
Second Quarter Results
Other than the new finding, IHS Inc. (NYSE:IHS) has yet another interesting insight, which does not relate to anything else, but it’s own success in attaining an upbeat financial performance. Yesterday, the company reported its second-quarter earnings, which topped the analysts’ expectations. At the same time, the company affirmed that it has plans to go ahead with more acquisition plans this year. The company’s second quarter earnings grew 16.7% to $1.47, as against the general market consensus of $1.44 per share. Revenues of the company too rose 36% to $568 million, which is yet again higher than the analysts’ consensus of $551.3 million. The subscription revenue grew 36% during the quarter, which forms 75% of the company’s revenue.
The company majorly helps its subscription sales growth through acquisitions. It has acquired as many as 60 companies till date, since its public debut in 2005. The company’s CEO, Scott Key has indicated that the IHS Inc. (NYSE:IHS) might announce another acquisition during the second half of the year. R.L. Polk & Co. is the most recent acquisition by the company, where it paid $1.4 billion. The inspiring results of the company led to nearly 5% of surge in its shares, yesterday.
