Revenue from foreign sources was nearly $1.8 billion in 2008 and represented 27.9% of The McGraw-Hill Companies’ total revenue. Favorable foreign exchange rates contributed $10.8 million to revenue in 2008.
Europe continues to be the most important contributor to The McGraw-Hill Companies’ foreign revenue, producing 57.5% of the total in 2008.
Financial
Services
Financial Services continues to be the Corporation’s
largest international business. Standard & Poor’s
foreign revenue
declined 2.6% in 2008 to just over $1.0 billion and
accounted for 59.7% of the Corporation’s total foreign
revenue. Favorable foreign exchange rates contributed
$16.9 million to revenue for this segment in 2008.
Since 1998, foreign revenue in this segment has grown
at a compound annual rate of 15.2%.
McGraw-Hill Education
McGraw-Hill Education’s foreign revenue grew by 3.1%
to $452.8 million in 2008 and accounted for 25.5% of the
Corporation’s total foreign revenue. Foreign exchange
rates adversely impacted revenue by $7.3 million for this
segment in 2008.
Information & Media
Information & Media’s segment foreign revenue grew
by
11.2% to $263.6 million in 2008 and accounted for
14.8% of the Corporation’s total foreign revenue in
2008.
Foreign exchange rates had an immaterial impact on
revenue for this segment in 2008.