The Dun & Bradstreet Corporation, Murray Hill, NJ, had consolidated operating revenue of $495.7 million in the first quarter of 2000, up slightly from $490.9 million in first quarter 1999. The company’s net income rose sharply, from $60.4 million to $67.8 million. The quarter ended March 31.
Two subsidiaries, The Dun & Bradstreet Operating Company and Moody’s Investor Service, are expected to be separated by the third quarter of this year. During the first quarter, D&B Operating company had operating revenue of $356.5 million, up slightly from $354 million in first quarter 1999, and Moody’s had operating revenue of $139.2 million, up from $136.9 million. The two companies had operating income of $63.5 million and $65.5 million, respectively.
“Growth at Moody’s Investors Service slowed in the first quarter, primarily because of the decline in U.S. debt issuance,” said D&B chairman and CEO Clifford L. Alexander Jr. in a statement that accompanied the earnings. Despite this, he continued, Moody’s revenue and operating income were the best of any first quarter in the company’s history.
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