Business credit firm Dun & Bradstreet had a busy day after the closing bell on Tuesday, turning in its first quarter earnings report while also announcing its next acquisition.
Starting with earnings, the New Jersey-based company reported a net income of $86 million (statement). Non-GAAP earnings were $1.56 cents per share on a revenue of $381.9 million.
Wall Street was looking for earnings of $1.30 per share on a revenue of $384.45 million.
For the current quarter, Wall Street expects D&B to deliver earnings of $1.41 per share on a revenue of $390.83 million.
D&B didn't offer quarterly guidance, but did reiterate its full-year outlook, calling for revenue growth of flat to up three percent with earnings per share projected to drop between one and five percent.
The second item of the agenda, although revealed just minutes ahead of the Q1 report, was the purchase of cloud-based business intelligence and analytics specialists Indicee.
Financial terms of the deal have not been disclosed.
The Indicee buy marks D&B's second acquisition in just three weeks -- not to mention the second under CEO Bob Carrigan.
Earlier this month, Dun & Bradstreet picked up social data matching business unit of Fliptop.
D&B noted at the time that it plans to link Fliptop’s unstructured data with its own existing structured data to help clients expand relationships with their respective customers.
Fliptop will continue operations as normal, but Indicee can expect more of a change.
Indicee’s Vancouver, Canada-based employees will be folded into D&B's newly created Cloud Innovation Center.
Indicee CEO and founder Mark Cunningham will steer the initiative with the agenda of brainstorming new ways to deliver D&B's analytics service as well as moving D&B's flagship risk management platform DNBi to the cloud.