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IHS Markit updates fiscal 2018 outlook

IHS Markit Ltd. has updated its outlook for the fiscal year and reported fiscal first-quarter results.

The company expects revenue for fiscal 2018 to be in a range of $3.83 billion to $3.88 billion. It anticipates total organic revenue growth of 4% to 5% for the year. Adjusted EBITDA for the fiscal year is expected to be between $1.50 billion and $1.53 billion, and adjusted EPS is projected to be $2.23 to $2.27.

The company also reported fiscal first-quarter adjusted EPS of 53 cents, compared to 45 cents in the year-ago period. Adjusted EBITDA for the period was $359.3 million, versus $320.2 million a year earlier.