Subscription revenues for the first quarter increased $9.9 million, or 2.5%, to $403.1 million. Organic subscription revenues increased 2.4%, driven by price increases.
Re-occurring revenues for the first quarter decreased $5.2 million, or 4.8%, to $102.5 million. Organic re-occurring revenues decreased 5.1%, primarily due to lower IP patent renewal volumes.
Transactional and other revenues for the first quarter decreased $12.6 million, or 9.8%, to $115.6 million. Organic transactional and other revenues decreased 11.4%, due to lower A&G volumes and LS&H real world data sales.
FY24 Adj EPS consensus of $0.74
The full year outlook presented below assumes no further acquisitions, divestitures, or unanticipated events.
|
2024 Outlook |
|
|
Revenues |
$2.57B to $2.67B |
|
Organic revenue growth |
0% to 2% |
|
Adjusted EBITDA |
$1.055B to $1.115B |
|
Adjusted EBITDA margin |
41% to 42% |
|
Adjusted diluted EPS |
$0.70 to $0.80 |
|
Free cash flow |
$420M to $500M |
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