Advisory Board Co. (ABCO) reported net income for the second quarter of $7.5 million, or $0.21 per diluted share, compared to $5.2 million, or $0.15 per diluted share, for the year-ago quarter.
Adjusted net income for the second quarter increased to $11.4 million, or $0.31 per diluted share, from $9.6 million, or $0.28 per diluted share, in the prior year quarter.
Revenue for the second quarter increased 21.1% to $110.8 million from $91.5 million a year earlier.
Analysts polled by Thomson Reuters expected the company to earn $0.29 per share on revenue of $109.07 million for the second quarter.
The company revised its revenue guidance for calendar year 2012 to a range of $428 million to $432 million, up from a range of $426 million to $432 million. For calendar year 2012, the company continues to expect adjusted earnings per diluted share to be in a range of $1.20 to $1.25.
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