Neustar announced recently results for the quarter ended June 30,2011 .The company revealed revenue growth of 16% for the second quarter 2011 .
You can read the press release after the jump:
"Neustar, Inc. (NYSE: NSR), a provider of market-leading, innovative solutions and directory services that enable trusted communication across networks, applications and enterprises around the world, today announced results for the quarter ended June 30, 2011 and updated guidance for full-year 2011.
Summary of Consolidated Second Quarter Results Compared to Second Quarter of 2010
Net income increased 13% to $32.4 million; net income would have increased 18% excluding the impact of a $1.8 million credit to sales tax and interest expense in the second quarter of 2010; income from continuing operations increased 3% to $33.6 million; income from continuing operations would have increased 7% excluding the impact of a $1.8 million credit to sales tax and interest expense in the second quarter of 2010
Earnings per diluted share increased 16% to $0.43; earnings per diluted share would have increased 19% excluding the impact of a $1.8 million credit to sales tax and interest expense in the second quarter of 2010; earnings from continuing operations per diluted share increased 7% to $0.45; earnings from continuing operations per diluted share would have increased 10% excluding the impact of a $1.8 million credit to sales tax and interest expense in the second quarter of 2010
EBITDA from continuing operations increased 6% to $64.6 million, representing a 44% margin; EBITDA from continuing operations would have increased 7% excluding the impact of a $1.8 million credit to sales tax and interest expense in the second quarter of 2010
“With our exit from the Converged Messaging business and our purchase of Evolving Systems’ numbering assets, Neustar continues to sharpen its strategic focus to drive growth and profitability,” said Lisa Hook, Neustar’s president and chief executive officer. “Evolving Systems’ numbering assets expand our information analytics portfolio and enhance our ability to help our customers manage the transition to IP networks.”
Paul Lalljie, Neustar’s chief financial officer added, “Second quarter results reflect continued strength in revenues and solid profitability. We will continue to focus on increasing profitability by pursuing additional opportunities for cost savings and building upon operational efficiencies. Our consistently strong cash flow gives us the flexibility to execute on strategic acquisitions, like our purchase of Evolving Systems’ Numbering Solutions assets, while also returning capital to shareholders.”
Discussion of Second Quarter Results
Consolidated revenue totaled $147.7 million, a 16% increase from $127.7 million in the second quarter of 2010. This increase was driven by growth in both the Carrier Services and Enterprise Services business segments. In particular:
Carrier Services revenue totaled $110.8 million, a 13% increase from $97.8 million in the second quarter of 2010. This increase is primarily due to a $7.9 million increase in Numbering Services revenue driven from a $10.9 million increase in the established fixed fee under the Company's contracts to provide NPAC Services, which was partially offset by a $3.2 million decrease in revenue from functionality improvements requested by customers and a decrease in revenue from international LNP solutions. Additionally, Order Management Services revenue increased by $4.3 million, primarily due to greater demand and usage from existing customers and the addition of new customers; and
Enterprise Services revenue totaled $36.8 million, a 23% increase from $30.0 million in the second quarter of 2010. This increase is primarily due to a $4.5 million increase in Internet Infrastructure Services revenue due to the addition of new DNS solutions, including IP geolocation services. Additionally, Registry Services revenue increased by $2.3 million due to a larger number of common short codes and domain names under management.
Total operating expense increased 24% to $92.4 million from $74.4 million in the second quarter of 2010. This increase of $18.0 million in cost of revenue, sales and marketing, and research and development was primarily driven by overall growth in the business which required higher levels of support. In particular, expenses for the second quarter of 2011 included expenses associated with the acquired IP geolocation assets, a customer service experience center, and higher royalty expense resulting from increased common short codes revenue. Increases in general and administrative expense reflect higher facilities costs and expenses related to the pursuit of new business opportunities.
Results related to the Company’s Converged Messaging Services business for the second quarter and prior periods have been reclassified to discontinued operations following the completion of the Company’s plan to exit its Converged Messaging Services business during the second quarter of 2011. Included in results from discontinued operations for the six months ended June 30, 2011 is an income tax benefit of $42.7 million related to a worthless stock deduction.
Cash, cash equivalents and investments totaled $432.1 million as of June 30, 2011, compared to $392.2 million as of March 31, 2011 and compared to $382.4 million as of December 31, 2010. During the second quarter, the Company purchased approximately 701,000 shares of its Class A common stock at an average price of $25.97 per share, for a total purchase price of $18.2 million."
More information you can find here .