Moody's Corporate Overview and Financial Outlook
Revenue $ Millions
Corporate Overview | MIS Business Conditions | MA Business Conditions | Financial Review and Outlook | Appendix
Expect Potential Margin Expansion in 2011 as Expense
Growth Moderates
2,400
55%
53%
54%
2,200
53%
54%
52%
50%
48%
2,000
1,800
1,600
1,400
1,200
1,000
2011 Guidance Range*
Revenue: high-single-digit %
Operating margin: 38-40 %
60%
50%
43%
39%
38%
40%
30%
800
20%
600
400
10%
200
$602
$797 $1,023 $1,247 $1,438 $1,732
$2,037 $2,259 $1,755 $1,797 $2,032
0
0%
2000 2001 2002 2003 2004 2005
2006 2007 2008 2009
2010 2011F
Revenue
Operating Margin
*
Represents GAAP guidance provided on February 3, 2011
MOODY'S
Operating margin excludes the gain on the sale of Moody's former NY headquarters building (2006); restructuring charges and related adjustments (2007-2009)
MARCH 1, 2011
16
Operating Margin**View entire presentation