Experian 1Q Trading in Line With Views; Backs Fiscal Year 2020 Outlook
16 July 2019 - 04:40PM
Dow Jones News
By Carlo Martuscelli
Experian PLC (EXPN.LN) said Tuesday that trading in the first
quarter was in line with expectations, and it backed its full-year
guidance.
The credit reference agency said total revenue grew 7% at
constant-currency for the three months ended June 30. On an organic
basis, revenue rose 6%.
In North America, organic revenue rose 8% while total revenue
growth was 9%, driven by the contribution from its recent
acquisition of AllClear ID.
EMEA and Asia Pacific posted 6% revenue growth at constant
currency during the quarter, while organic revenue fell by 1%. The
acquisition of Compuscan accounted for the difference, helping to
offset the decline in organic topline earnings.
In the U.K. and Ireland organic revenue growth at constant
currency was flat, as strong performance in its data division was
offset from the decisioning unit, while consumer services returned
to growth, with organic revenue up 1%.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
July 16, 2019 02:25 ET (06:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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