IHS Markit Ltd. INFO reported impressive first-quarter fiscal 2021 results, with both earnings and revenues beating the Zacks Consensus Estimate.Adjusted earnings per share of 71 cents beat the consensus mark by 1.4% and increased 7.6% on a year-over-year basis. Total revenues came in at $1.12 billion, surpassing the consensus mark by 1% and increasing 3.6% from the year-ago quarter on a reported basis and 3% organically.We observe that shares of IHS Markit have gained 62.3% over the past year, significantly outperforming the 28.9% rally of the industry it belongs to.Quarterly DetailsFinancial services segment’s revenues increased 11% year over year on a reported basis, and 10% on an organic basis, to $485 million. Revenues at the Resources segment totaled $203 million, down 10% year over year on a reported basis as well as organically.The Transportation segment witnessed year-over-year revenue growth of 5% on a reported basis to reach $312 million. Revenues increased 4% organically. Revenues at the Consolidated Markets & Solutions segment amounted to $121 million, down 1% year over year on a reported basis as well as organically.Recurring fixed revenues of $825.6 million were up 3% year over year on a reported basis and 2% organically. Recurring variable revenues of $172.9 million grew 18% year over year on a reported and 17% on an organic basis. Non-recurring revenues totaled $121.4 million, down 7% year over year on a reported as well as an organic basis.Adjusted EBITDA of $466.8 million was up 8% from the year-ago quarter. Adjusted EBITDA margin improved 180 basis points (bps) year over year to 41.7%.IHS Markit ended the quarter with cash and cash equivalent balance of $172 million, compared with $125.6 million in the prior quarter. Long-term debt was $4.6 billion, flat with the previous quarter’s figure.Cash flow from operations and free cash flow amounted to $244.5 million and $171.9 million, respectively, in the quarter. CapEx was $72.6 million. The company paid out $79.3 million in dividends in the quarter.Zacks Rank and Stocks to ConsiderIHS Markit currently carries a Zacks Rank #3 (Hold).Some better-ranked service stocks are ExlService (EXLS, Gartner, Inc. IT) and Blucora (BCOR, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The long-term expected earnings per share (three to five years) growth rate for ExlService, Gartner and Blucora is pegged at 9.4%, 13.5% and 15%, respectively.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gartner, Inc. (IT): Free Stock Analysis Report ExlService Holdings, Inc. (EXLS): Free Stock Analysis Report Blucora, Inc. (BCOR): Free Stock Analysis Report IHS Markit Ltd. (INFO): Free Stock Analysis Report To read this article on Zacks.com click here.