—Cost cuts: Despite the fall in revenue and profits, Informa increased its annual dividend to shareholders after cutting its operating costs, up to £11.45 ($17), versus £8.41 for the same period last year. (A Reuters (NYSE: TRI) analyst poll expected a dividend of £10.33.) A move away from costly printing may have played a part, but so did other cost cuts: Informa reduced its total head count by 8 percent, and it says it had overall restructing and reorganisation costs that totalled £34.1 million ($50.7 million). In total the adjusted operating profit was up by 1 percent to £309.5 million ($460 million).

—Digital publishing: Informa says its move to digital has been based on “client demands” for the format, and the drive has been across all its major verticals, which range from telecoms and media to energy and financial information, with content published in newsletters, magazines, books and databases. It’s putting a heavy emphasis too on subscription-based services: 64 percent of its publishing revenues come from subscriptions, while only three percent from advertising.

—Some divisions are jumping onto digital faster than others: Its professional and commercial information sector, Informa’s largest single division that includes research group Datamonitor, gets some 84 percent of its revenues from digital formats. PCI has some of the highest margins in the group but overall its revenues were still down 2 percent to £368 million ($547 million).

—E-books: Informa now has 22,000 titles available digitally, either as e-books or as databases, and revenues in its e-book business by have grown by 33 percent, although it doesn’t say how much that equates to in actual value. No announcements made on any specific deals with e-reader makers.

		EPS*	Rev. vs Q408	Net Inc. vs Q408
Informa	Release		4.4%	11%

* vs. Analysts' Estimates: Beat Met Missed