CoreLogic reports Q3 revenues up 5% YoY

CoreLogic (NYSE: CLGX) said that third quarter revenues totaled USD386.4 million compared with USD367.5 million in the same 2014 period and USD386.0 million in the second quarter of 2015.

The year-over-year increase of five percent (seven percent on a constant-currency basis) was driven primarily by growth in property, insurance, international and underwriting solutions which was partially offset by adverse foreign currency translation impacts and lower project-related volumes.

TPS revenues increased 11 percent year-over-year to USD218.3 million driven primarily by increased market share in the company´s underwriting solutions units. D&A revenues aggregated USD170.5 million in 2015, down 2 percent (plus 3 percent on a constant-currency basis) from the prior year as higher insurance, spatial solutions and international revenues were more than offset by the impact of unfavorable currency translation (USD7.8 million) and lower core property and capital markets revenues attributable to the termination of several data supply and reseller agreements and the exit of a number of capital markets clients from the residential mortgage backed security (RMBS) market.

CoreLogic is a leading global property information, analytics and data-enabled services provider. The company´s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. Headquartered in Irvine, Calif., the company operates in North America, Western Europe and Asia Pacific.