By Rob Curran


S&P Global Inc. forecast revenue growth for 2023 on an unadjusted basis and reiterated its adjusted earnings and sales targets.

The New York credit-ratings, data and research firm forecast revenue growth of 10% to 12% for the year, as the acquisition of rival IHS Markit generates extra sales.

S&P Global continues to expect revenue growth of 4% to 6% on a pro-forma basis.

The firm forecast 2023 earnings in a range of $8.65 to $8.85 a share, down from $10.20 a share in 2022.

S&P Global backed its previous adjusted-earnings target of $12.35 to $12.55 a share.

The company slightly reduced the lower end of its adjusted free-cash flow target by $100 million for 2023 to reflect changes to tax treatment of research-and-development activities. S&P Global is now anticipating adjusted free cash flow in a range of $4.2 billion to $4.4 billion.

S&P Global said its Kensho unit recently launched two artificial-intelligence products, which can help commercial clients incorporate their own data with that provided by the company.


Write to Rob Curran at

(END) Dow Jones Newswires

April 27, 2023 08:16 ET (12:16 GMT)

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