Jul 31, 2008

D&B Announces Final Second Quarter 2008 Results, Unchanged From Previously Announced Preliminary Results; Declares Dividend

D&B Announces Final Second Quarter 2008 Results, Unchanged From Previously Announced Preliminary Results; Declares Dividend

Q2 08 Financial Schedules

  • Diluted EPS Before Non-Core Gains and Charges Up 20%

  • GAAP Diluted EPS Up 3%; Due Primarily to the Resolution of a Legacy Tax Matter With the IRS in the Prior Year Second Quarter



  • Core and Total Revenue Up 10% Before the Effect of Foreign Exchange; Up 12% After the Effect of Foreign Exchange

  • Declares $0.30 Per Share Quarterly Cash Dividend
SHORT HILLS, N.J., Jul 31, 2008 (BUSINESS WIRE) -- D&B (NYSE: DNB), the leading provider of global business information, tools and commercial insight, today reported final results for the second quarter ended June 30, 2008. These results are unchanged from the preliminary second quarter 2008 results the Company announced on July 14, 2008, in conjunction with its Investor Day event.

Second Quarter 2008 Results

Diluted earnings per share before non-core gains and charges for the quarter ended June 30, 2008, were $1.15, up 20 percent from $0.96 in the prior year similar period. These results were primarily driven by operating income growth and additionally benefitted from the timing of tax benefits and share repurchases, partially offset by interest costs. On a GAAP basis, diluted earnings per share for the quarter ended June 30, 2008, were $1.51, up 3% from $1.46 in the prior year similar period, due primarily to the resolution of a legacy tax matter with the IRS in the 2007 second quarter, which resulted in a $0.52 per diluted share, net non-core gain.

See attached Schedule 3 for a reconciliation of diluted earnings per share before non-core gains and charges to earnings per share on a GAAP basis, as well as the definitions of the non-GAAP financial measures that the Company uses to evaluate the business.

Core and total revenue for the second quarter of 2008 was $427.7 million, up 10 percent from the prior year similar period before the effect of foreign exchange (up 12 percent after the effect of foreign exchange).

Core and total revenue results for the second quarter of 2008 reflect the following by solution set:

-- Risk Management Solutions revenue of $281.0 million, up 7 percent before the effect of foreign exchange (up 9 percent after the effect of foreign exchange); Supply Management Solutions contributed approximately 1 point of Risk Management revenue growth during the second quarter of 2008, before the effect of foreign exchange;

-- Sales & Marketing Solutions revenue of $115.6 million, up 17 percent before the effect of foreign exchange (up 18 percent after the effect of foreign exchange); and

-- Internet Solutions revenue of $31.1 million, up 18 percent both before and after the effect of foreign exchange.

See attached Schedules 4 and 5 for additional detail.

Operating income before non-core gains and charges for the second quarter of 2008 was $107.2 million, up 13 percent from the prior year similar period. On a GAAP basis, operating income for the quarter was $106.0 million, up 18 percent from the prior year similar period. During the second quarter of 2008, the Company also incurred transition costs of $3.9 million compared with $3.1 million incurred in the prior year similar period.

Net income before non-core gains and charges for the second quarter of 2008 was $64.0 million, up 11 percent from the prior year similar period. On a GAAP basis, net income for the quarter was $84.2 million, down 4 percent from the prior year similar period.

See attached Schedule 3 for additional detail.

Free cash flow for the first six months of 2008, excluding the impact of legacy tax matters, was $211.6 million, up 5 percent from the first six months of 2007. The Company defines free cash flow as net cash provided by operating activities less capital expenditures and additions to computer software and other intangibles. Net cash provided by operating activities for the first six months of 2008, excluding the impact of legacy tax matters, was $245.1 million, up 4 percent from the first six months of 2007. On a GAAP basis, net cash provided by operating activities for the first six months of 2008 was $262.3 million, compared to $234.9 million in the prior year similar period.

See attached Schedule 4 for additional detail.

Share repurchases during the second quarter of 2008 under the Company's discretionary repurchase program totaled $104.9 million, while repurchases made to offset the dilutive effect of shares issued under employee benefit plans totaled an additional $20.0 million.

The Company ended the quarter with $245.5 million of cash and cash equivalents.



Second Quarter 2008 Segment Results

United States

Core and total revenue for the second quarter of 2008 was $319.3 million, up 10 percent from the prior year similar period. These results were primarily driven by continued strength in our core U.S. operation and additionally benefitted from some early renewals in Sales & Marketing as well as strong sales execution.

U.S. core and total revenue results for the second quarter of 2008 reflect the following:

-- Risk Management Solutions revenue of $196.1 million, up 5 percent; Supply Management Solutions contributed approximately 1 point of Risk Management revenue growth during the second quarter of 2008;

-- Sales & Marketing Solutions revenue of $93.8 million, up 17 percent; and

-- Internet Solutions revenue of $29.4 million, up 20 percent.

See attached Schedules 4 and 5 for additional detail.

Operating income for the second quarter of 2008 was $105.3 million, up 10 percent from the prior year similar period. The increase was primarily due to improved revenue in the U.S. segment, partially offset by higher selling expenses and higher costs associated with acquisitions and investments to enhance the Company's strategic capabilities.

International

Core and total revenue for the second quarter of 2008 was $108.4 million, up 12 percent before the effect of foreign exchange (up 22 percent after the effect of foreign exchange) from the prior year similar period.

International core and total revenue results for the second quarter of 2008 reflect the following:

-- Risk Management Solutions revenue of $84.9 million, up 12 percent before the effect of foreign exchange (up 22 percent after the effect of foreign exchange); Supply Management Solutions did not have a meaningful contribution to Risk Management revenue growth during the second quarter of 2008;

-- Sales & Marketing Solutions revenue of $21.8 million, up 13 percent before the effect of foreign exchange (up 23 percent after the effect of foreign exchange); and



-- Internet Solutions revenue of $1.7 million, down 6 percent before the effect of foreign exchange (flat after the effect of foreign exchange).

See attached Schedules 4 and 5 for additional detail.

Operating income for the second quarter of 2008 was $25.5 million, up 18 percent from the prior year similar period. The increase was primarily due to improved revenue, lower costs as a result of our reengineering efforts and the net impact of foreign exchange.

Non-Core Gains and Charges

During the second quarter of 2008 and 2007, the Company recorded:

-- Net pre-tax, non-core charges of $8.6 million and $3.7 million, respectively; and

-- Net after-tax, non-core gains of $20.2 million and $29.9 million, respectively.

See attached Schedule 3 for additional explanations and details of these charges.

D&B's restructuring charges may be viewed as recurring as they are part of its Financial Flexibility initiatives. In addition to reporting GAAP results, the Company reports results before restructuring charges and other non-core gains and charges because they are not a component of its ongoing income or expenses and may have a disproportionate positive or negative impact on the results of its ongoing underlying business operations. For additional information, see the section titled "Use of Non-GAAP Financial Measures" below.

Full Year 2008 Outlook Confirmed

D&B confirmed the following full year financial guidance for 2008:

-- Core revenue growth of 8 percent to 10 percent, before the effect of foreign exchange;

-- Operating income growth of 11 percent to 13 percent, or $501 million to $510 million, before non-core gains and charges;

-- Diluted EPS growth of 14 percent to 16 percent, or $5.19 to $5.29, before non-core gains and charges;

-- Free cash flow of $337 million to $352 million, excluding the impact of legacy tax matters; and

-- Tax rate of approximately 37 percent to 37.5 percent, before non-core gains and charges.

D&B does not provide guidance on a GAAP basis because D&B is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of non-core gains and charges, such as restructuring charges and legacy tax matters, which are a component of the most comparable financial measures calculated in accordance with GAAP. Non-core gains and charges are uncertain and will depend on several factors, including industry conditions, and could be material to D&B's results computed in accordance with GAAP.

Use of Non-GAAP Financial Measures

D&B reports non-GAAP financial measures in this press release and the schedules attached. See "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - How We Manage Our Business" in the Company's Annual Report on Form 10-K for the year ending December 31, 2007, filed February 25, 2008 with the SEC, for a discussion of how the Company defines these measures, why it uses them and why it believes they provide useful information to investors. Additionally, these measures are defined in Schedule 3 attached to this press release.

Dividend Declared

D&B announced today that its Board of Directors has declared a quarterly cash dividend of $0.30 per share. The quarterly cash dividend is payable on September 15, 2008, to shareholders of record at the close of business on August 29, 2008.

About D&B

D&B (NYSE:DNB) is the world's leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence® for 167 years. D&B's global commercial database contains more than 130 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which provides our customers with quality business information. This quality information is the foundation of our global solutions that customers rely on to make critical business decisions.

D&B provides solution sets that meet a diverse set of customer needs globally. Customers use D&B Risk Management Solutions™ to mitigate credit and supplier risk, increase cash flow and drive increased profitability; D&B Sales & Marketing Solutions™ to increase revenue from new and existing customers; and D&B Internet Solutions to convert prospects into clients faster by enabling business professionals to research companies, executives and industries. For more information, please visit www.dnb.com.

Forward-Looking and Cautionary Statements

This press release, including, in particular, the section titled "Full Year 2008 Outlook Confirmed," contains projections of future results and other forward-looking statements that involve a number of trends, risks and uncertainties, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

The following important factors could cause actual results to differ materially from those projected in such forward-looking statements.

-- D&B relies significantly on third parties to support critical components of its business model in a continuous and high-quality manner, including third-party data providers, strategic third party members in its Worldwide Network, and third parties with which it has outsourcing arrangements.

-- Demand for D&B's products is subject to intense competition, changes in customer preferences and economic conditions which impact customer behavior.

-- D&B's solutions and brand image are dependent upon the integrity and security of its global database and the continued availability thereof through the Internet and by other means, as well as our ability to protect key assets, such as our data centers.

-- D&B's ability to maintain the integrity of its brand and reputation, which it believes are key assets and competitive advantages.

-- D&B's ability to renew large contracts, the related revenue recognition and the timing thereof may impact its results of operations from period to period.

-- D&B's results are subject to the effects of foreign economies, exchange rate fluctuations, legislative or regulatory requirements, such as the adoption of new or changes in accounting policies and practices, including pronouncements by the Financial Accounting Standards Board or other standard-setting bodies, and the implementation or modification of fees or taxes that we must pay to acquire, use, and/or redistribute data.

-- D&B's ability to introduce new solutions or services in a seamless way and without disruption to existing solutions such as DNBi.

-- D&B's ability to acquire and successfully integrate other complementary businesses, products and technologies into its existing business, without significant disruption to its existing business or to its financial results.

-- The continued adherence by third party members of our D&B Worldwide Network to our quality standards, our brand and communication standards and to the terms and conditions of our commercial services arrangements.

-- D&B's future success requires that it attract and retain qualified personnel, including members of its sales force, in regions throughout the world.

-- The profitability of D&B's International segment depends on its ability to identify and execute on various initiatives, such as the implementation of subscription plan pricing and successfully managing its D&B Worldwide Network, and its ability to identify and contend with various challenges present in foreign markets, such as local competition and the availability of public records at no cost.

-- D&B's ability to successfully implement its Blueprint for Growth Strategy requires that it successfully reduce its expense base through its Financial Flexibility initiatives, and reallocate certain of the expense-base reductions into initiatives that produce desired revenue growth.



-- D&B is involved in various tax matters and legal proceedings, the outcomes of which are unknown and uncertain with respect to the impact on D&B's cash flow and profitability. See the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and notes to the financial statements included therewith, for a more detailed description of these matters.

-- D&B's ability to repurchase shares is subject to market conditions, including trading volume in its stock, and its ability to repurchase shares in accordance with applicable securities laws.

-- D&B's projection for free cash flow is dependent upon its ability to generate revenue, its collection processes, customer payment patterns, the timing and volume of stock option exercises and the amount and timing of payments related to the tax and other matters and legal proceedings in which it is involved, as referenced above and as more fully described in the Company's filings with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and notes to the financial statements included therewith.

For a more detailed discussion of the trends, risks and uncertainties that may affect D&B's operating and financial results and its ability to achieve the financial objectives discussed in this press release, readers should review the Company's most recent filings with the SEC, including the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q are available on its Web site at www.dnb.com and on the SEC's web site at www.sec.gov. D&B cautions that the foregoing list of important factors is not complete and except as otherwise required by federal securities laws does not undertake any obligation to update any forward-looking statements.

The Dun & Bradstreet Corporation                            Schedule 1
Consolidated Statement of Operations (unaudited) - GAAP Results


                                Quarter Ended              Effects of
                                  June 30,         AFX       Foreign
                               ---------------
                                                % Change    Exchange
Amounts in millions, except
 per share data                 2008    2007   Fav/(Unfav) Fav/(Unfav)
------------------------------ ------- ------- ----------- -----------

Revenue:
 U.S.                          $319.3  $291.6         10%           0%
 International                  108.4    89.2         22%          10%
------------------------------ ------- -------

Core and Total Revenue         $427.7  $380.8         12%           2%
------------------------------ ------- -------
Operating Income (Loss):
 U.S.                          $105.3  $ 96.0         10%
 International (1)               25.5    21.6         18%
                               ------- -------
  Total Divisions               130.8   117.6         11%
 Corporate and Other (2)        (24.8)  (27.6)        10%
------------------------------ ------- -------

Operating Income                106.0    90.0         18%
------------------------------ ------- -------
Interest Income                   3.7     1.6        N/M
Interest Expense                (13.2)   (6.5)       N/M
Other Income (Expense) - Net
 (3)                             (8.4)    1.7        N/M
------------------------------ ------- -------

Non-Operating Income (Expense)
 - Net                          (17.9)   (3.2)       N/M
------------------------------ ------- -------

Income before Provision for
 Income Taxes                    88.1    86.8          2%
Provision for Income Taxes        3.7     1.2        N/M
Minority Interest Income
 (Expense)                       (0.6)    0.4        N/M
Equity in Net Income (Loss) of
 Affiliates                       0.4     0.3         35%
------------------------------ ------- -------

Income From Continuing
 Operations                      84.2    86.3         (2)%

Discontinued Operations:

Income from Discontinued
 Operations, Net of Income
 Taxes                              -     1.3        N/M

Gain on Disposal of Italian
 Real Estate business, No
 Income Tax Impact                  -       -        N/M
------------------------------ ------- -------

Income from Discontinued
 Operations, Net of Income
 Taxes                              -     1.3        N/M

------------------------------ ------- -------
Net Income (4)                 $ 84.2  $ 87.6         (4)%
------------------------------ ------- -------

Basic Earnings Per Share of
 Common Stock:
   Continuing Operations       $ 1.55  $ 1.47          5%
   Discontinued Operations          -    0.02        N/M
------------------------------ ------- -------
Basic Earnings Per Share of
 Common Stock                  $ 1.55  $ 1.49          4%
------------------------------ ------- -------

Diluted Earnings Per Share of
 Common Stock:
   Continuing Operations       $ 1.51  $ 1.44          5%
   Discontinued Operations          -    0.02        N/M
------------------------------ ------- -------
Diluted Earnings Per Share of
 Common Stock (5)              $ 1.51  $ 1.46          3%
------------------------------ ------- -------

------------------------------ ------- -------

Weighted Average Number of
 Shares Outstanding:
 Basic                           54.4    58.6          7%
------------------------------ ------- -------

 Diluted                         55.6    60.2          8%
------------------------------ ------- -------




                                            Year-To-Date
                                   BFX        June 30,         AFX
                                           ---------------
                                % Change                    % Change
Amounts in millions, except
 per share data                Fav/(Unfav)  2008    2007   Fav/(Unfav)
------------------------------ ----------- ------- ------- -----------

Revenue:
 U.S.                                  10% $640.5  $594.1          8%
 International                         12%  201.9   165.7         22%
------------------------------             ------- -------

Core and Total Revenue                 10% $842.4  $759.8         11%
------------------------------             ------- -------
Operating Income (Loss):
 U.S.                                      $223.7  $205.1          9%
 International (1)                           38.7    31.4         23%
                                           ------- -------
  Total Divisions                           262.4   236.5         11%
 Corporate and Other (2)                    (56.1)  (62.1)        10%
------------------------------             ------- -------

Operating Income                            206.3   174.4         18%
------------------------------             ------- -------
Interest Income                               6.1     3.0        N/M
Interest Expense                            (22.6)  (12.9)       (75)%
Other Income (Expense) - Net
 (3)                                         (8.1)    7.6        N/M
------------------------------             ------- -------

Non-Operating Income (Expense)
 - Net                                      (24.6)   (2.3)       N/M
------------------------------             ------- -------

Income before Provision for
 Income Taxes                               181.7   172.1          6%
Provision for Income Taxes                   37.5    34.3         (9)%
Minority Interest Income
 (Expense)                                   (0.5)    0.5        N/M
Equity in Net Income (Loss) of
 Affiliates                                   0.6     0.4         39%
------------------------------             ------- -------

Income From Continuing
 Operations                                 144.3   138.7          4%

Discontinued Operations:

Income from Discontinued
 Operations, Net of Income
 Taxes                                        0.7     1.6        (55)%

Gain on Disposal of Italian
 Real Estate business, No
 Income Tax Impact                            0.4       -        N/M
------------------------------             ------- -------

Income from Discontinued
 Operations, Net of Income
 Taxes                                        1.1     1.6        (29)%

------------------------------             ------- -------
Net Income (4)                             $145.4  $140.3          4%
------------------------------             ------- -------

Basic Earnings Per Share of
 Common Stock:
   Continuing Operations                   $ 2.61  $ 2.35         11%
   Discontinued Operations                   0.02    0.03        (33)%
------------------------------             ------- -------
Basic Earnings Per Share of
 Common Stock                              $ 2.63  $ 2.38         11%
------------------------------             ------- -------

Diluted Earnings Per Share of
 Common Stock:
   Continuing Operations                   $ 2.56  $ 2.29         12%
   Discontinued Operations                   0.02    0.03        (33)%
------------------------------             ------- -------
Diluted Earnings Per Share of
 Common Stock (5)                          $ 2.58  $ 2.32         11%
------------------------------             ------- -------

------------------------------             ------- -------

Weighted Average Number of
 Shares Outstanding:
 Basic                                       55.2    59.0          6%
------------------------------             ------- -------

 Diluted                                     56.4    60.5          7%
------------------------------             ------- -------




                                              Effects of
                                                Foreign       BFX
                                               Exchange    % Change
Amounts in millions, except per share data    Fav/(Unfav) Fav/(Unfav)
--------------------------------------------- ----------- -----------

Revenue:
 U.S.                                                  0%          8%
 International                                        10%         12%
---------------------------------------------

Core and Total Revenue                                 2%          9%
---------------------------------------------
Operating Income (Loss):
 U.S.
 International (1)
  Total Divisions
 Corporate and Other (2)
---------------------------------------------

Operating Income
---------------------------------------------
Interest Income
Interest Expense
Other Income (Expense) - Net (3)
---------------------------------------------

Non-Operating Income (Expense) - Net
---------------------------------------------

Income before Provision for Income Taxes
Provision for Income Taxes
Minority Interest Income (Expense)
Equity in Net Income (Loss) of Affiliates
---------------------------------------------

Income From Continuing Operations

Discontinued Operations:

Income from Discontinued Operations, Net of
 Income Taxes

Gain on Disposal of Italian Real Estate
 business, No Income Tax Impact
---------------------------------------------

Income from Discontinued Operations, Net of
 Income Taxes

---------------------------------------------
Net Income (4)
---------------------------------------------

Basic Earnings Per Share of Common Stock:
   Continuing Operations
   Discontinued Operations
---------------------------------------------
Basic Earnings Per Share of Common Stock
---------------------------------------------

Diluted Earnings Per Share of Common Stock:
   Continuing Operations
   Discontinued Operations
---------------------------------------------
Diluted Earnings Per Share of Common Stock
 (5)
---------------------------------------------

---------------------------------------------

Weighted Average Number of Shares
 Outstanding:
 Basic
---------------------------------------------

 Diluted
---------------------------------------------



AFX - After Effects of Foreign Exchange
BFX - Before Effects of Foreign Exchange
N/M - Not Meaningful

See Schedule 3 (Notes to Schedules), which is an integral part of the
 consolidated statement of operations.

This financial information should be read in conjunction with the
 consolidated financial statements and related notes of The Dun &

 Bradstreet Corporation contained in filings with the Securities and
 Exchange Commission.

The Dun & Bradstreet Corporation                            Schedule 2
Consolidated Statement of Operations (unaudited) - (On a Continuing
 Operations Basis) - Before Non-Core Gains and Charges
----------------------------------------------------------------------


                                Quarter Ended              Effects of
                                  June 30,         AFX       Foreign
                               ---------------
                                                % Change    Exchange
Amounts in millions, except
 per share data                 2008    2007   Fav/(Unfav) Fav/(Unfav)
------------------------------ ------- ------- ----------- -----------


Revenue:
 U.S.                          $319.3  $291.6         10%           0%
 International                  108.4    89.2         22%          10%
------------------------------ ------- -------

Core and Total Revenue         $427.7  $380.8         12%           2%
------------------------------ ------- -------
Operating Income (Loss):
 U.S.                          $105.3  $ 96.0         10%
 International (1)               25.5    21.6         18%
                               ------- -------
  Total Divisions               130.8   117.6         11%
 Corporate and Other (2)        (23.6)  (22.7)        (4)%
------------------------------ ------- -------

Operating Income                107.2    94.9         13%
------------------------------ ------- -------
Interest Income                   3.7     1.6        N/M
Interest Expense                (13.2)   (6.5)       N/M
Other Income (Expense) - Net
 (3)                             (1.0)    0.5        N/M
------------------------------ ------- -------

Non-Operating Income (Expense)
 - Net                          (10.5)   (4.4)       N/M
------------------------------ ------- -------

Income before Provision for
 Income Taxes                    96.7    90.5          7%
Provision for Income Taxes       32.5    33.5          3%
Minority Interest Income
 (Expense)                       (0.6)    0.4        N/M
Equity in Net Income (Loss) of
 Affiliates                       0.4     0.3         35%
------------------------------ ------- -------

Net Income (4)                 $ 64.0  $ 57.7         11%
------------------------------ ------- -------

Basic Earnings Per Share of
 Common Stock                  $ 1.18  $ 0.99         19%
------------------------------ ------- -------

Diluted Earnings Per Share of
 Common Stock (5)              $ 1.15  $ 0.96         20%
------------------------------ ------- -------

------------------------------ ------- -------

Weighted Average Number of
 Shares Outstanding:
 Basic                           54.4    58.6          7%
------------------------------ ------- -------

 Diluted                         55.6    60.2          8%
------------------------------ ------- -------


                                            Year-To-Date
                                   BFX        June 30,         AFX
                                           ---------------
                                % Change                    % Change
Amounts in millions, except
 per share data                Fav/(Unfav)  2008    2007   Fav/(Unfav)
------------------------------ ----------- ------- ------- -----------


Revenue:
 U.S.                                  10% $640.5  $594.1          8%
 International                         12%  201.9   165.7         22%
------------------------------             ------- -------

Core and Total Revenue                 10% $842.4  $759.8         11%
------------------------------             ------- -------
Operating Income (Loss):
 U.S.                                      $223.7  $205.1          9%
 International (1)                           38.7    32.2         20%
                                           ------- -------
  Total Divisions                           262.4   237.3         11%
 Corporate and Other (2)                    (44.5)  (42.4)        (5)%
------------------------------             ------- -------

Operating Income                            217.9   194.9         12%
------------------------------             ------- -------
Interest Income                               6.1     3.0        N/M
Interest Expense                            (22.6)  (12.9)       (75)%
Other Income (Expense) - Net
 (3)                                         (1.1)    0.1        N/M
------------------------------             ------- -------

Non-Operating Income (Expense)
 - Net                                      (17.6)   (9.8)       (79)%
------------------------------             ------- -------

Income before Provision for
 Income Taxes                               200.3   185.1          8%
Provision for Income Taxes                   71.1    69.0         (3)%
Minority Interest Income
 (Expense)                                   (0.5)    0.5        N/M
Equity in Net Income (Loss) of
 Affiliates                                   0.6     0.4         39%
------------------------------             ------- -------

Net Income (4)                             $129.3  $117.0         11%
------------------------------             ------- -------

Basic Earnings Per Share of
 Common Stock                              $ 2.34  $ 1.98         18%
------------------------------             ------- -------

Diluted Earnings Per Share of
 Common Stock (5)                          $ 2.29  $ 1.93         19%
------------------------------             ------- -------

------------------------------             ------- -------

Weighted Average Number of
 Shares Outstanding:
 Basic                                       55.2    59.0          6%
------------------------------             ------- -------

 Diluted                                     56.4    60.5          7%
------------------------------             ------- -------


                                               Effects of
                                                 Foreign       BFX
                                                Exchange    % Change
Amounts in millions, except per share data     Fav/(Unfav) Fav/(Unfav)
---------------------------------------------- ----------- -----------


Revenue:
 U.S.                                                   0%          8%
 International                                         10%         12%
----------------------------------------------

Core and Total Revenue                                  2%          9%
----------------------------------------------
Operating Income (Loss):
 U.S.
 International (1)
  Total Divisions
 Corporate and Other (2)
----------------------------------------------

Operating Income
----------------------------------------------
Interest Income
Interest Expense
Other Income (Expense) - Net (3)
----------------------------------------------

Non-Operating Income (Expense) - Net
----------------------------------------------

Income before Provision for Income Taxes
Provision for Income Taxes
Minority Interest Income (Expense)
Equity in Net Income (Loss) of Affiliates
----------------------------------------------

Net Income (4)
----------------------------------------------

Basic Earnings Per Share of Common Stock
----------------------------------------------

Diluted Earnings Per Share of Common Stock (5)
----------------------------------------------

----------------------------------------------

Weighted Average Number of Shares Outstanding:
 Basic
----------------------------------------------

 Diluted
----------------------------------------------



AFX - After Effects of Foreign Exchange
BFX - Before Effects of Foreign Exchange
N/M - Not Meaningful

See Schedule 3 (Notes to Schedules) for a definition of Non-GAAP
 measures and a reconciliation of non-core gains and charges.

This financial information should be read in conjunction with the
 consolidated financial statements and related notes of The Dun &
 Bradstreet Corporation contained in filings with the Securities and
 Exchange Commission.

The Dun & Bradstreet Corporation                            Schedule 3
Notes to Schedules 1 and 2 (unaudited) and Definitions of Non-GAAP
 Measures


(1) The following table reconciles International Operating Income
 included in Schedule 1 and Schedule 2:


                                           Quarter Ended
                                             June 30,
                                          ---------------
                                                           % Change
 Amounts in millions                       2008    2007   Fav/(Unfav)
 ---------------------------------------- ------- ------- ------------

 International Operating Income - GAAP
  Results (Schedule 1)                    $ 25.5  $ 21.6         18%

  Settlement of International Payroll Tax
   Matter Related to a Divested Entity         -       -        N/M
                                          ------- -------


 International Operating Income - Before
  Non-Core Gains and Charges (Schedule 2) $ 25.5  $ 21.6         18%
                                          ------- -------



(2) The following table reconciles Corporate and Other expenses
 included in Schedule 1 and Schedule 2:

                                           Quarter Ended
                                             June 30,
                                          ---------------
                                                           % Change
 Amounts in millions                       2008    2007   Fav/(Unfav)
 ---------------------------------------- ------- ------- ------------

 Corporate and Other - GAAP Results
  (Schedule 1)                            $(24.8) $(27.6)        10%

  Restructuring Charges                     (1.2)   (4.9)        76%
                                          ------- -------

 Corporate and Other - Before Non-Core
  Gains and Charges (Schedule 2)          $(23.6) $(22.7)        (4)%
                                          ------- -------




(3) The following table reconciles Other Income (Expense)-Net included
 in Schedule 1 and Schedule 2:

                                           Quarter Ended
                                             June 30,
                                          ---------------
                                                          % Change
 Amounts in millions                        2008    2007  Fav/(Unfav)
 ---------------------------------------- ------- ------- ------------

 Other Income (Expense)-Net - GAAP
  Results (Schedule 1)                    $ (8.4) $  1.7        N/M
  Effect of Legacy Tax Matters               0.3     0.4        (25)%
  Legacy Tax Matter related to the
   settlement of 2003 tax year              (7.7)      -        N/M
  Gain Associated with Huaxia/D&B China
   Joint Venture                               -       -        N/M
  Net Gain (Loss) on the Sale of Other
   Investments                                 -     0.8        N/M
                                           -----   -----
 Other Income (Expense)-Net - Before Non-
  Core Gains and Charges (Schedule 2)     $ (1.0) $  0.5        N/M
 ---------------------------------------- ------- -------



(4) The following table reconciles Net Income included in Schedule 1
 and Schedule 2:

                                           Quarter Ended
                                             June 30,
                                          ---------------
                                                           % Change
 Amounts in millions                       2008    2007   Fav/(Unfav)
 ---------------------------------------- ------- ------- ------------

 Net Income - GAAP Results (Schedule 1)   $ 84.2  $ 87.6         (4)%

  Restructuring Charges                     (1.2)   (3.1)        61%
  Gain Associated with Huaxia/D&B China
   Joint Venture                               -       -        N/M
  Settlement of International Payroll Tax
   Matter Related to a Divested Entity         -       -        N/M
  Net Gain (Loss) on the Sale of Other
   Investments                                 -     0.5        N/M
  Tax Reserve true-up for the Settlement
   of 1997-2002 tax years, primarily
   related to the "Amortization and
   Royalty Expense Deductions / Royalty
   Income 1997-2007" transactions              -    31.2        N/M
  Tax Reserve true-up for the Settlement
   of 2003 tax year, related to the
   "Amortization and Royalty Expense
   Deductions" transaction                   7.7       -        N/M

  Favorable resolution of Global Tax
   Audits related to the Liquidation of
   Dormant International Corporations       13.7       -        N/M

  Interest on IRS Deposit                      -       -        N/M
  Income from Discontinued Operations,
   Net of Income Taxes                         -     1.3        N/M
  Gain on Disposal of Italian Real Estate
   business                                    -       -        N/M
                                           -----   -----
 Net Income - (On a Continuing Operations
  Basis) - Before Non-Core Gains and
  Charges (Schedule 2)                    $ 64.0  $ 57.7         11%
                                          ------- -------


(5) The following table reconciles Diluted Earnings Per Share included
 in Schedule 1 and Schedule 2:

                                           Quarter Ended
                                             June 30,
                                          ---------------
                                                          % Change
                                            2008    2007  Fav/(Unfav)
 ---------------------------------------- ------- ------- ------------

 Diluted EPS - GAAP Results (Schedule 1)  $ 1.51  $ 1.46          3%

  Restructuring Charges                    (0.03)  (0.05)        40%
  Gain Associated with Huaxia/D&B China
   Joint Venture                               -       -        N/M
  Settlement of International Payroll Tax
   Matter Related to a Divested Entity         -       -        N/M
  Net Gain (Loss) on the Sale of Other
   Investments                                 -    0.01        N/M
  Tax Reserve true-up for the Settlement
   of 1997-2002 tax years, primarily
   related to the "Amortization and
   Royalty Expense Deductions / Royalty
   Income 1997-2007" transactions              -    0.52        N/M
  Tax Reserve true-up for the Settlement
   of 2003 tax year, related to the
   "Amortization and Royalty Expense
   Deductions" transaction                  0.14       -        N/M
  Favorable resolution of Global Tax
   Audits related to the Liquidation of
   Dormant International Corporations       0.25       -        N/M
  Interest on IRS Deposit                      -       -        N/M
  Income from Discontinued Operations,
   Net of Income Taxes                         -    0.02        N/M
                                          ------- -------

 Diluted EPS - (On a Continuing
  Operations Basis) - Before Non-Core
  Gains and Charges (Schedule 2)          $ 1.15  $ 0.96         20%
                                          ------- -------



                                            Year-to-Date
                                              June 30,
                                           ---------------
                                                            % Change
 Amounts in millions                        2008    2007   Fav/(Unfav)
 ----------------------------------------  ------- ------- -----------

 International Operating Income - GAAP
  Results (Schedule 1)                     $ 38.7  $ 31.4         23%

  Settlement of International Payroll Tax
   Matter Related to a Divested Entity          -    (0.8)       N/M
                                           ------- -------


 International Operating Income - Before
  Non-Core Gains and Charges (Schedule 2)  $ 38.7  $ 32.2         20%
                                           ------- -------



(2) The following table reconciles Corporate and Other expenses
 included in Schedule 1 and Schedule 2:

                                            Year-to-Date
                                              June 30,
                                           ---------------
                                                            % Change
 Amounts in millions                        2008    2007   Fav/(Unfav)
 ----------------------------------------  ------- ------- -----------

 Corporate and Other - GAAP Results
  (Schedule 1)                             $(56.1) $(62.1)        10%

  Restructuring Charges                     (11.6)  (19.7)        41%
                                           ------- -------

 Corporate and Other - Before Non-Core
  Gains and Charges (Schedule 2)           $(44.5) $(42.4)        (5)%
                                           ------- -------




(3) The following table reconciles Other Income (Expense)-Net included
 in Schedule 1 and Schedule 2:

                                            Year-to-Date
                                              June 30,
                                           ---------------
                                                           % Change
 Amounts in millions                         2008    2007  Fav/(Unfav)
 ----------------------------------------  ------- ------- -----------

 Other Income (Expense)-Net - GAAP
  Results (Schedule 1)                     $ (8.1) $  7.6        N/M
  Effect of Legacy Tax Matters                0.7     0.9        (22)%
  Legacy Tax Matter related to the
   settlement of 2003 tax year               (7.7)      -        N/M
  Gain Associated with Huaxia/D&B China
   Joint Venture                                -     5.8        N/M
  Net Gain (Loss) on the Sale of Other
   Investments                                  -     0.8        N/M
                                            -----   -----
 Other Income (Expense)-Net - Before Non-
  Core Gains and Charges (Schedule 2)      $ (1.1) $  0.1        N/M
 ----------------------------------------  ------- -------



(4) The following table reconciles Net Income included in Schedule 1
 and Schedule 2:

                                            Year-to-Date
                                              June 30,
                                           ---------------
                                                            % Change
 Amounts in millions                        2008    2007   Fav/(Unfav)
 ----------------------------------------  ------- ------- -----------

 Net Income - GAAP Results (Schedule 1)    $145.4  $140.3          4%

  Restructuring Charges                      (7.7)  (12.3)        37%
  Gain Associated with Huaxia/D&B China
   Joint Venture                                -     2.9        N/M
  Settlement of International Payroll Tax
   Matter Related to a Divested Entity          -    (0.6)       N/M
  Net Gain (Loss) on the Sale of Other
   Investments                                  -     0.5        N/M
  Tax Reserve true-up for the Settlement
   of 1997-2002 tax years, primarily
   related to the "Amortization and
   Royalty Expense Deductions / Royalty
   Income 1997-2007" transactions               -    31.2        N/M
  Tax Reserve true-up for the Settlement
   of 2003 tax year, related to the
   "Amortization and Royalty Expense
   Deductions" transaction                    7.7       -        N/M

  Favorable resolution of Global Tax
   Audits related to the Liquidation of
   Dormant International Corporations        13.7       -        N/M

  Interest on IRS Deposit                     1.3       -        N/M
  Income from Discontinued Operations,
   Net of Income Taxes                        0.7     1.6        (56)%
  Gain on Disposal of Italian Real Estate
   business                                   0.4       -        N/M
                                            -----   -----
 Net Income - (On a Continuing Operations
  Basis) - Before Non-Core Gains and
  Charges (Schedule 2)                     $129.3  $117.0         11%
                                           ------- -------


(5) The following table reconciles Diluted Earnings Per Share included
 in Schedule 1 and Schedule 2:

                                            Year-to-Date
                                              June 30,
                                           ---------------
                                                           % Change
                                             2008    2007  Fav/(Unfav)
 ----------------------------------------  ------- ------- -----------

 Diluted EPS - GAAP Results (Schedule 1)   $ 2.58  $ 2.32         11%

  Restructuring Charges                     (0.14)  (0.21)        33%
  Gain Associated with Huaxia/D&B China
   Joint Venture                                -    0.05        N/M
  Settlement of International Payroll Tax
   Matter Related to a Divested Entity          -   (0.01)       N/M
  Net Gain (Loss) on the Sale of Other
   Investments                                  -    0.01        N/M
  Tax Reserve true-up for the Settlement
   of 1997-2002 tax years, primarily
   related to the "Amortization and
   Royalty Expense Deductions / Royalty
   Income 1997-2007" transactions               -    0.52        N/M
  Tax Reserve true-up for the Settlement
   of 2003 tax year, related to the
   "Amortization and Royalty Expense
   Deductions" transaction                   0.14       -        N/M
  Favorable resolution of Global Tax
   Audits related to the Liquidation of
   Dormant International Corporations        0.25       -        N/M
  Interest on IRS Deposit                    0.02       -        N/M
  Income from Discontinued Operations,
   Net of Income Taxes                       0.02    0.03        (33)%
                                           ------- -------

 Diluted EPS - (On a Continuing
  Operations Basis) - Before Non-Core
  Gains and Charges (Schedule 2)           $ 2.29  $ 1.93         19%
                                           ------- -------



N/M - Not Meaningful


The following defines the non-GAAP measures used to evaluate performance:

* For 2008, our non-GAAP measures reflect results on a "Continuing Operations" basis.

* Total revenue excluding the revenue of divested businesses is referred to as "core revenue." Core revenue includes the revenue from acquired businesses from the date of acquisition.

* Core revenue growth, excluding the effects of foreign exchange, is referred to as "core revenue growth before the effects of foreign exchange." We also separately, from time to time, analyze core revenue growth before the effects of foreign exchange among two components, "organic core revenue growth" and "core revenue growth from acquisitions."

* Results (such as operating income, operating income growth, operating margin, net income, tax rate and diluted earnings per share) exclude Restructuring Charges (whether recurring or non-recurring) and certain other items that we consider do not reflect our underlying business performance. We refer to these Restructuring Charges and other items as "non-core gains and (charges)."

* Net cash provided by operating activities minus capital expenditures and additions to computer software and other intangibles is referred to as "free cash flow."

This financial information should be read in conjunction with the consolidated financial statements and related notes of The Dun & Bradstreet Corporation contained in filings with the Securities and Exchange Commission.



The Dun & Bradstreet Corporation                            Schedule 4
Supplemental GAAP Financial Data (unaudited)




                     Quarter Ended             Effects of
                       June 30,        AFX       Foreign       BFX
                     -------------
                                    % Change    Exchange    % Change
Amounts in millions   2008   2007  Fav/(Unfav) Fav/(Unfav) Fav/(Unfav)
-------------------- ------ ------ ----------- ----------- -----------

Geographic and
 Customer Solution
 Set Revenue:
   U.S.:
     Risk Management
      Solutions (1)   196.1  187.0          5%          0%          5%
     Sales &
      Marketing
      Solutions        93.8   80.0         17%          0%         17%
     Internet
      Solutions        29.4   24.6         20%          0%         20%
                     ------ ------

   Core and Total
    U.S.              319.3  291.6         10%          0%         10%
                     ------ ------
   International:
     Risk Management
      Solutions (1)    84.9   69.8         22%         10%         12%
     Sales &
      Marketing
      Solutions        21.8   17.7         23%         10%         13%
     Internet
      Solutions         1.7    1.7          0%          6%        (6)%
                     ------ ------

   Core and Total
    International     108.4   89.2         22%         10%         12%
                     ------ ------
Total Corporation:
     Risk Management
      Solutions (1)   281.0  256.8          9%          2%          7%
     Sales &
      Marketing
      Solutions       115.6   97.7         18%          1%         17%
     Internet
      Solutions        31.1   26.3         18%          0%         18%
                     ------ ------

Core and Total
 Revenue             $427.7 $380.8         12%          2%         10%
                     ------ ------

Operating Costs:
     Operating
      Expenses       $122.1 $108.4       (13)%
     Selling and
      Administrative
      Expenses        184.5  167.6       (10)%
     Depreciation
      and
      Amortization     13.9    9.9       (42)%
     Restructuring
      Expense           1.2    4.9         75%
                     ------ ------

Total Operating
 Costs               $321.7 $290.8       (11)%
                     ------ ------

Capital Expenditures $  3.2 $  2.6       (23)%
                     ------ ------

Additions to
 Computer Software &
 Other Intangibles   $ 12.9 $ 15.2         15%
                     ------ ------

Notes:


                     Year-to-Date              Effects of
                       June 30,        AFX       Foreign       BFX
                     -------------
                                    % Change    Exchange    % Change
Amounts in millions   2008   2007  Fav/(Unfav) Fav/(Unfav) Fav/(Unfav)
-------------------- ------ ------ ----------- ----------- -----------

Geographic and
 Customer Solution
 Set Revenue:
   U.S.:
     Risk Management
      Solutions (1)   396.5  377.0          5%          0%          5%
     Sales &
      Marketing
      Solutions       185.8  169.6         10%          0%         10%
     Internet
      Solutions        58.2   47.5         23%          0%         23%
                     ------ ------

   Core and Total
    U.S.              640.5  594.1          8%          0%          8%
                     ------ ------
   International:
     Risk Management
      Solutions (1)   158.8  130.3         22%         10%         12%
     Sales &

      Marketing
      Solutions        39.5   31.9         24%         10%         14%
     Internet
      Solutions         3.6    3.5          4%          6%        (2)%
                     ------ ------

   Core and Total
    International     201.9  165.7         22%         10%         12%
                     ------ ------
Total Corporation:
     Risk Management
      Solutions (1)   555.3  507.3          9%          2%          7%
     Sales &
      Marketing
      Solutions       225.3  201.5         12%          2%         10%
     Internet
      Solutions        61.8   51.0         21%          0%         21%
                     ------ ------

Core and Total
 Revenue             $842.4 $759.8         11%          2%          9%
                     ------ ------

Operating Costs:
     Operating
      Expenses       $245.9 $215.8       (14)%
     Selling and
      Administrative
      Expenses        351.3  330.9        (6)%
     Depreciation
      and
      Amortization     27.3   19.0       (44)%
     Restructuring
      Expense          11.6   19.7         41%
                     ------ ------

Total Operating
 Costs               $636.1 $585.4        (9)%
                     ------ ------

Capital Expenditures $  5.5 $  9.1         40%
                     ------ ------

Additions to
 Computer Software &
 Other Intangibles   $ 28.0 $ 23.5       (19)%
                     ------ ------

Notes:


(1) On January 1, 2008, we began managing our Supply Management
 Solutions set as part of our Risk Management Solutions and have
 reclassified our historical financial results to reflect this change.



                                       Quarter Ended June 30, 2008
                                   -----------------------------------

                                               Effects of
                                       AFX       Foreign       BFX
                                    % Change    Exchange    % Change
                                   Fav/(Unfav) Fav/(Unfav) Fav/(Unfav)
                                   ----------- ----------- -----------
Risk Management Solutions
 without Supply Management
 Solutions:
------------------------------

  U.S.                                      4%          0%          4%
  International                            22%         10%         12%
  Total Corporation                         9%          3%          6%



                                       Year-To-Date June 30, 2008
                                   -----------------------------------

                                               Effects of
                                       AFX       Foreign       BFX
                                    % Change    Exchange    % Change
                                   Fav/(Unfav) Fav/(Unfav) Fav/(Unfav)
                                   ----------- ----------- -----------
Risk Management Solutions
 without Supply
 Management Solutions:
-------------------------

  U.S.                                      4%          0%          4%
  International                            22%         10%         12%
  Total Corporation                         9%          3%          6%


AFX - After Effects of Foreign Exchange
BFX - Before Effects of Foreign Exchange
N/M - Not Meaningful

This financial information should be read in conjunction with the
 consolidated financial statements and related notes of The Dun &
 Bradstreet Corporation contained in filings with the Securities and
 Exchange Commission.

                                Quarter Ended
                              ------------------

Amounts in millions           June 30, 2008 Mar 31, 2008 Dec 31, 2007
----------------------------- ------------- ------------ -------------

Net Debt Position:
Cash and Cash Equivalents     $      245.5  $     215.7  $     175.8
Short-Term Debt                          -            -            -
Long-Term Debt                      (825.6)      (790.0)      (724.8)
                              ------------- ------------ -------------

Net Debt                      $     (580.1) $    (574.3) $    (549.0)
                              ------------- ------------ -------------

                                           Quarter Ended
                              ----------------------------------------

Amounts in millions             Sep 30, 2007 Jun 30, 2007 Mar 31, 2007
------------------------------  ------------ ------------ ------------

Net Debt Position:
Cash and Cash Equivalents       $     156.1  $     145.4  $     130.7
Short-Term Debt                           -         (0.1)        (0.1)
Long-Term Debt                       (546.2)      (475.8)      (484.1)
                                ------------ ------------ ------------

Net Debt                        $    (390.1) $    (330.5) $    (353.5)
                                ------------ ------------ ------------



                                       Year-To-Date
                          --------------------------------------

                                                      % Change
Amounts in millions       June 30, 2008 Jun 30, 2007 Fav/(Unfav)
------------------------- ------------- ------------ -----------

Free Cash Flow:
Net Cash Provided By
 Operating Activities
 from Continuing
 Operations (GAAP
 Results)                 $      262.3  $     234.9         12%
Less:
   Capital Expenditures
    (GAAP Results)                 5.5          9.1         40%
   Additions to Computer
    Software & Other
    Intangibles (GAAP
    Results)                      28.0         23.5        (19)%
                          ------------- ------------

Free Cash Flow                   228.8        202.3         13%
Legacy Tax Matters
 (Refund) Payment                (17.2)           -        N/M
                          ------------- ------------
Free Cash Flow Excluding
 Legacy Tax Matters       $      211.6  $     202.3          5%
                          ------------- ------------


                                       Year-To-Date
                          --------------------------------------

                                                      % Change
Amounts in millions       June 30, 2008 Jun 30, 2007 Fav/(Unfav)
------------------------- ------------- ------------ -----------

Net Cash Provided By
 Operating Activities
 excluding Legacy Tax
 Matters:
Net Cash Provided By
 Operating Activities
 from Continuing
 Operations (GAAP
 Results)                 $      262.3  $     234.9         12%
Legacy Tax Matters
 (Refund) Payment                (17.2)           -        N/M
                          ------------- ------------

Net Cash Provided By
 Operating Activities
 Excluding Legacy Tax
 Matters                  $      245.1  $     234.9          4%
                          ------------- ------------



N/M - Not Meaningful

This financial information should be read in conjunction with the
 consolidated financial statements and related notes of The Dun &

 Bradstreet Corporation contained in filings with the Securities and
 Exchange Commission.

The Dun & Bradstreet Corporation                            Schedule 5
GAAP Revenue Reconciliation and Detail (unaudited)




                                  Quarter Ended June 30, 2008 vs. 2007
                                  ------------------------------------

                                       AFX       Effects     BFX
                                                    of
                                     % Change    Foreign   % Change
                                   Fav/(Unfav)   Exchange Fav/(Unfav)
--------------------------------- -------------- -------- ------------

Revenue:
---------------------------------
U.S.:
  Risk Management Solutions:
    Traditional                            4%          0%       4%
    VAPs                                   3%          0%       3%
    Supply Management Solutions           26%          0%      26%
  Total Risk Management
   Solutions( 1)                           5%          0%       5%
  Sales & Marketing Solutions:
    Traditional                            6%          0%       6%
    VAPs                                  25%          0%      25%
  Total Sales & Marketing
   Solutions                              17%          0%      17%
  Internet Solutions                      20%          0%      20%

Core and Total U.S. Revenue               10%          0%      10%

International:
  Risk Management Solutions:
    Traditional                           23%         11%      12%
    VAPs                                  17%          6%      11%
    Supply Management Solutions           41%         15%      26%
  Total Risk Management Solutions
   (1)                                    22%         10%      12%
  Sales & Marketing Solutions:
    Traditional                          (23)%         3%     (26)%
    VAPs                                  80%         19%      61%
  Total Sales & Marketing
   Solutions                              23%         10%      13%
  Internet Solutions                      (2)%         4%      (6)%

Core and Total International
 Revenue                                  22%         10%      12%

Total Corporation:
  Risk Management Solutions:
    Traditional                            9%          3%       6%
    VAPs                                   7%          2%       5%
    Supply Management Solutions           27%          1%      26%
  Total Risk Management Solutions
   (1)                                     9%          2%       7%
  Sales & Marketing Solutions:
    Traditional                           (1)%         0%      (1)%
    VAPs                                  33%          3%      30%
  Total Sales & Marketing
   Solutions                              18%          1%      17%
  Internet Solutions                      18%          0%      18%

Core and Total Revenue                    12%          2%      10%



                           Quarter Ended June 30, 2008 vs. 2007
                     -------------------------------------------------
                                    Traditional/VAPs as a
                           % of Total Customer Solution Sets/Total
                       -----------------------------------------------
                                2008                    2007
                        % Product Line/Total    % Product Line/Total
---------------------  ----------------------- -----------------------

Revenue:
---------------------
U.S.:
  Risk Management
   Solutions:
    Traditional                73%         45%         74%         47%
    VAPs                       21%         13%         21%         14%
    Supply Management
     Solutions                  6%          4%          5%          3%
  Total Risk
   Management
   Solutions( 1)                           62%                     64%
  Sales & Marketing
   Solutions:
    Traditional                38%         11%         41%         11%
    VAPs                       62%         18%         59%         16%
  Total Sales &

   Marketing
   Solutions                               29%                     27%
  Internet Solutions                        9%                      9%

Core and Total U.S.
 Revenue

International:
  Risk Management
   Solutions:
    Traditional                81%         64%         81%         63%
    VAPs                       17%         14%         18%         14%
    Supply Management
     Solutions                  2%          1%          1%          1%
  Total Risk
   Management
   Solutions (1)                           79%                     78%
  Sales & Marketing
   Solutions:
    Traditional                34%          7%         55%         11%
    VAPs                       66%         13%         45%          9%
  Total Sales &
   Marketing
   Solutions                               20%                     20%
  Internet Solutions                        1%                      2%

Core and Total
 International
 Revenue

Total Corporation:
  Risk Management
   Solutions:
    Traditional                76%         50%         76%         51%
    VAPs                       20%         13%         20%         14%
    Supply Management
     Solutions                  4%          3%          4%          2%
  Total Risk
   Management
   Solutions (1)                           66%                     67%
  Sales & Marketing
   Solutions:
    Traditional                37%         10%         44%         11%
    VAPs                       63%         17%         56%         15%
  Total Sales &
   Marketing
   Solutions                               27%                     26%
  Internet Solutions                        7%                      7%

Core and Total
 Revenue



                                   Year-to-Date June 30, 2008 vs. 2007
                                   -----------------------------------

                                      AFX      Effects of    BFX
                                    % Change    Foreign    % Change
                                   Fav/(Unfav)  Exchange  Fav/(Unfav)
---------------------------------- ----------- ---------- ------------

Revenue:
----------------------------------
U.S.:
  Risk Management Solutions:
    Traditional                            3%          0%       3%
    VAPs                                   6%          0%       6%
    Supply Management Solutions           31%          0%      31%
  Total Risk Management Solutions(
   1)                                      5%          0%       5%
  Sales & Marketing Solutions:
    Traditional                            2%          0%       2%
    VAPs                                  15%          0%      15%
  Total Sales & Marketing
   Solutions                              10%          0%      10%
  Internet Solutions                      23%          0%      23%

Core and Total U.S. Revenue                8%          0%       8%

International:
  Risk Management Solutions:
    Traditional                           21%         10%      11%
    VAPs                                  26%          8%      18%
    Supply Management Solutions           36%         14%      22%
  Total Risk Management Solutions
   (1)                                    22%         10%      12%
  Sales & Marketing Solutions:
    Traditional                            5%          6%      (1)%
    VAPs                                  45%         14%      31%
  Total Sales & Marketing
   Solutions                              24%         10%      14%
  Internet Solutions                       4%          6%      (2)%

Core and Total International
 Revenue                                  22%         10%      12%

Total Corporation:
  Risk Management Solutions:
    Traditional                            8%          3%       5%
    VAPs                                  10%          2%       8%
    Supply Management Solutions           32%          1%      31%
  Total Risk Management Solutions
   (1)                                     9%          2%       7%
  Sales & Marketing Solutions:
    Traditional                            3%          1%       2%
    VAPs                                  19%          2%      17%
  Total Sales & Marketing
   Solutions                              12%          2%      10%
  Internet Solutions                      21%          0%      21%

Core and Total Revenue                    11%          2%       9%



                            Year-to-Date June 30, 2008 vs. 2007
                     -------------------------------------------------
                                    Traditional/VAPs as a
                       % of Total Customer Solution Sets/Total
                       -----------------------------------------------
                                2008                    2007
                        % Product Line/Total    % Product Line/Total
---------------------  ----------------------- -----------------------

Revenue:
---------------------
U.S.:
  Risk Management
   Solutions:
    Traditional                73%         45%         74%         47%
    VAPs                       21%         13%         21%         13%
    Supply Management
     Solutions                  6%          4%          5%          3%
  Total Risk
   Management
   Solutions( 1)                           62%                     63%
  Sales & Marketing
   Solutions:
    Traditional                39%         11%         42%         12%
    VAPs                       61%         18%         58%         16%
  Total Sales &

   Marketing
   Solutions                               29%                     28%
  Internet Solutions                        9%                      9%

Core and Total U.S.
 Revenue

International:
  Risk Management
   Solutions:
    Traditional                81%         64%         82%         65%
    VAPs                       17%         13%         17%         13%
    Supply Management
     Solutions                  2%          1%          1%          1%
  Total Risk
   Management
   Solutions (1)                           78%                     79%
  Sales & Marketing
   Solutions:
    Traditional                45%          9%         52%         10%
    VAPs                       55%         11%         48%          9%
  Total Sales &
   Marketing
   Solutions                               20%                     19%
  Internet Solutions                        2%                      2%

Core and Total
 International
 Revenue

Total Corporation:
  Risk Management
   Solutions:
    Traditional                75%         50%         76%         51%
    VAPs                       20%         13%         20%         13%
    Supply Management
     Solutions                  5%          3%          4%          3%
  Total Risk
   Management
   Solutions (1)                           66%                     67%
  Sales & Marketing
   Solutions:
    Traditional                40%         11%         43%         11%
    VAPs                       60%         16%         57%         15%
  Total Sales &
   Marketing
   Solutions                               27%                     26%
  Internet Solutions                        7%                      7%

Core and Total
 Revenue



Notes:


1 On January 1, 2008, we began managing our Supply Management
 Solutions set as part of our Risk Management Solutions and have
 reclassified our historical financial results to reflect this change.


Risk Management Solutions without Supply Management Solutions:
--------------------------------------------------------------------


                            AFX      Effects of     BFX
                         % Change     Foreign    % Change
                        Fav/(Unfav)   Exchange  Fav/(Unfav)
                            Quarter Ended June 30, 2008
                        -----------------------------------

U.S.                             4%          0%          4%
International                   22%         10%         12%
Total Corporation                9%          3%          6%




                             AFX      Effects of     BFX
                          % Change     Foreign    % Change
                         Fav/(Unfav)   Exchange  Fav/(Unfav)
                             Year-To-Date June 30, 2008
                         -----------------------------------

U.S.                              4%          0%          4%
International                    22%         10%         12%
Total Corporation                 9%          3%          6%



AFX - After Effects of Foreign Exchange
BFX - Before Effects of Foreign Exchange

This financial information should be read in conjunction with the
 consolidated financial statements and related notes of The Dun &
 Bradstreet Corporation contained in filings with the Securities and
 Exchange Commission.

SOURCE: D&B

D&B
Joseph Jones (Media)
jonesjo@dnb.com
973.921.5732
or
Paul Krieg (Investors/Analysts)
kriegpa@dnb.com
973.921.5158