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Dun & Bradstreet Big Data Investments Paying Off

July 25, 2023
in Trade Tube
Reading Time: 1 min read
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The rally in Dun & Bradstreet’s stock clearly illustrates that Wall Street analysts are enthusiastically embracing the company’s growth plans, said the company’s CEO Bob Carrigan. Carrigan added that the company invested $80 million last year in new technology which depressed short term earnings but improved its data coverage and benefitted its predictive analytics business. He said he expects recent partnerships with salesforce.com and Oracle to pay off in coming years. Finally, Carrigan said the strong dollar will weigh on its growing international sales, but the underlying business is strong.

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