IRVINE CA—CoreLogic, a leading global property information, analytics and data-enabled services provider, has reported solid all-around growth for the 3rd quarter.

Total revenues grew 3% compared to the same period last year, due primarily to 23% increase in revenues from the firm's data and analytics business. Operating income from continuing operations jumped 27% to $77.8 million.
The firm also repurchased 1.48 million common shares and repaid $62 million debt during the quarter.
"CoreLogic delivered excellent results in the third quarter,” said Anand Nallathambi, president and CEO of the Irvine-based company. “Operating and net income were up as we continued to expand our D&A footprint and reap the benefits of our market leadership in TPS. As we move forward, we will continue to focus on aggressively growing our unique data assets, analytics and services through innovation, technology and operational excellence and deeper client intimacy.”

Third quarter revenues totaled $367.5 million. D&A revenues increased 23% to $173.6 million compared with prior year, driven principally by growth in insurance, spatial solutions,
international and core property information revenues, which more than offset the impact of lower mortgage volumes.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.