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You are here: Home / News / Solera Reports Second Quarter Revenue Up 9%

Solera Reports Second Quarter Revenue Up 9%

January 29, 2016 By CollisionWeek Editor

Solera Holdings, Inc. (SLH) reported results for the second quarter of fiscal year 2016.

Revenue for the second quarter was $308.0 million, a 9.0 percent increase over the prior year revenue of $282.7 million. On a constant currency basis, revenue for the second quarter increased by approximately 16.3 percent over the prior year second quarter revenue.

SoleraNet income for the second quarter was $53.0 million, as compared to prior year net income of $4.4 million. The increase in net income attributable to Solera Holdings, Inc. is primarily due to a $31.2 million income tax benefit recognized during the second quarter.

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Filed Under: News Tagged With: Earnings, Solera Holdings

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