Adjusted earnings per diluted share were$0.58 for the fourth quarter of 2008, an increase of 23 percent over theprior-year period. Please see the end of thisrelease for more information about these non-GAAP measures. "As a testament to the criticality of our information and insight to ourcustomers, we continued to deliver great operating and financial results in anunprecedented economy," said Jerre Stead, IHS chairman and chief executiveofficer. "We are focused on helping our customers navigate through this toughenvironment." Fourth Quarter 2008 DetailsRevenue for the fourth quarter of 2008 totaled $231 million, a 17 percentincrease over fourth-quarter 2007 revenue of $198 million.
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Organic revenuegrowth in the fourth quarter of 2008 was eight percent overall and 12 percentfor the subscription-based portion of the business, which represented 74 percentof total revenue. Acquisitions contributed 14 percent of the increase, whileforeign currency movements decreased revenue by five percent compared to lastyears fourth quarter. The company continued to grow its business overall in allthree regions. The Americas (North and South America) segment increased itsrevenue during the fourth quarter by 21 percent, to $145 million, compared to$120 million in the prior years fourth quarter.
The EMEA (Europe, Middle Eastand Africa) segment grew its fourth quarter revenue by eight percent, to $68.4million, compared to $63.4 million in the prior year. The APAC (Asia Pacific)segments revenue increased by 23 percent, to $17.6 million, compared to $14.3million in the fourth quarter of 2007. Americas operating income was $45.6 million,up 16 percent over the prior-year quarter EMEAs operating income was up 42percent to $15.6 million. APACs operating income was $6.2 million, up 45percent over the prior-year amount. For the subscription-based portion ofthe business, organic growth was 11. Acquisitions added 16 percent, whileforeign exchange movements offset the above by less than one percent for thefull year. The Americas segment grew its revenue during fiscal year 2008 by 22percent, to $521 million, compared to $428 million in the prior-year period.
TheEMEA segment grew its full year 2008 revenue by 25 percent, to $263 million,compared to $210 million in the prior year. The APAC segment increased itsrevenue by 19 percent, to $59.6 million, compared to $50.1 million in 2007. Adjusted EBITDA for fiscal year 2008 totaled $225 million, up 34 percent from$168 million in 2007. Operating income for the year ended November30, 2008, included the $12 million restructuring charge reported in the thirdquarter. The restructuring charge was primarily split between the Americas andEMEA segments. Inclusive of the restructuring charge, Americas operating incomewas $161 million, up 20 percent over the prior-year period (up 24 percent beforethe restructuring charge).
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