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Revenue up 17% to $1.6 billion; fee revenue up 14% to $1.3 billion
CHICAGO, August 2, 2016 -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported diversified revenue growth for the second quarter of 2016 resulting in earnings per share of $1.73 and adjusted earnings per share of $1.93.• Record second-quarter revenue with double-digit growth • Margin performance reflects expansion of annuity business globally and slowdown in transactional business, particularly in the UK• Acquisitions and investments in alignment with strategic plan contribute to annuity revenue and stabilizing profit• Corporate Solutions revenue expansion driven by client wins, renewals and continued technology investments• LaSalle Investment Management assets under management reach record high of $59 billion with strategic focus on recurring advisory fees while generating strong incentive fees• Credit facility capacity increased to $2.75 billion and maturity extended to 2021, with improved pricing
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Christie B. Kelly
Global Chief Financial Officer
+1 312 228 2316