1、Shareholder LetterNotice of 2009 Annual Shareholder MeetingProxy Statement 2008 Form 10-K Annual ReportTo our honored customers,colleagues and shareholders:2008 was an extraordinary year-the turmoil in financial markets in the closing months of the year,a historic change in the United States leaders
2、hip and an economy quickly deteriorating across sectors and the globe.Viewed against this background,the outstanding results produced by my 3,800 colleagues in 2008 continued to demonstrate the durability,consistency,growth and free cash flow-generating qualities inherent in the IHS business model.T
3、he basis of the model is recurring revenue:approximately 75 percent of our total revenue is subscription-based.The core of our business is critical information and insight,and our goal is for our products and services to be viewed by enterprises and governments worldwide as“must-have.”As we begin ou
4、r 50th anniversary year in 2009,we are well on our way to fulfilling our vision;that is,to build a brand that is recognized as the Source for Critical Information and Insight.In this annual report letter,we will review the highlights of 2008 and the progress we continue to make in achieving our visi
5、on,including investing in the transformation which is making IHS a great company while remaining true to our core values.In 2008 we:met each of our committed objectives benchmarked externally;continued to implement our profitable growth strategies through a combination of organic growth and strategi
6、c acquisitions;and transformed our structure on a regional basis to align with our strategies.Here are the financial highlights 2008 Financial HighlightsIHS completed its third successful full year as a public company and delivered strong financial results,including our 9th consecutive quarter of pr