S&P Owner McGraw Hill's Profit Rises 62 Pct


Standard & Poor's owner McGraw Hill Financial Inc reported a 62 percent rise in quarterly profit, driven mainly by strength in its financial information and indexes businesses.

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Net income from continuing operations attributable to common shareholders rose to $248 million, or 89 cents per share, for the first quarter ended March 31, from $153 million, or 54 cents, a year earlier.

Revenue rose 5 percent to $1.24 billion.