CA1S1011REVENUE :
| 2nd quarter FY 2011 | 1st half FY 2011 | ||
| As reported | + 22.0% | + 21.1% | |
| Like-for-like | + 19.6% | + 12.3% | |
FIMALAC's consolidated revenue for the first half of fiscal 2011 (October 1, 2010 to March 31, 2011) amounted to €341.5 million, representing an increase of 21.1% on a reported basis.
It primarily comprised revenue from Fitch Group (€329.8 million), which rose by 16.9% as reported and by 12.3% like-for-like over the period:
| (in € millions) | Six months ended March 31, 2010 | Six months ended March 31, 2011 | % Change (reported) | % Change (like-for-like)* | |
| Fitch Ratings | 230.0 | 263.8 | + 14.7% | + 10.2% | |
| Algorithmics | 52.1 | 66.0 | + 26.7% | + 21.3% | |
| Fitch Group | 282.1 | 329.8 | + 16.9% | + 12.3% | |
| Other | __ | 11.7 | N/A | N/A | |
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Consolidated revenue | 282.1 | 341.5 | + 21.1% | + 12.3% | |
*Based on a comparable scope of consolidation and at constant exchange rates
Fitch Ratings reported strong growth in second quarter revenue, with a 17.4% like-for-like gain. For the first half, revenue came to €263.8 million ($359.6 million), compared with €230 million ($328.8 million) in the year-earlier period, or an increase of 14.7% as reported and of 10.2% like-for-like.
Algorithmics enjoyed sustained revenue growth in the second quarter, with a 29.1% like-for-like increase building on the first quarter's already robust expansion. Over the entire first half, revenue came to €66 million ($90 million), compared with €52.1 million ($74.5 million) in the year-earlier period, or an increase of 26.7% as reported and of 21.3% like-for-like.
Consolidated revenue also includes revenue from Vega, France's leading operator of concert halls, sports venues and conference centers, which was acquired in November 2010.