Experian 3Q Organic Revenue Grew 7%, Backs Full-Year Guidance
17 January 2020 - 6:49PM
Dow Jones News
By Sabela Ojea
Experian PLC (EXPN.LN) on Friday reported organic revenue growth
of 7% for the third quarter of fiscal 2020, citing a particularly
strong performance in Latin America, and backed its guidance for
the full year.
For the three months ended Dec. 31, the FTSE 100
credit-reporting agency said total revenue growth at actual
exchange rates was 7%. At constant exchange rates, total revenue
growth in the quarter was 9%.
The U.K. company said its North American business had organic
revenue growth of 10%. Total revenue growth was 11%, reflecting
acquisition contributions from AllClear ID, MyHealthDirect and
AutoID, it said.
Experian said its Latin American business had a notably strong
quarter, with organic revenue growth of 18% at constant exchange
rates, including a stand-out performance in Brazil.
Its performance in the rest of its working areas declined,
Experian said.
Experian said when it released the results of the first half of
its financial year in November that it expected full-year organic
revenue growth in the 7%-8% range.
Write to sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 17, 2020 02:34 ET (07:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Experian (QX) (USOTC:EXPGY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Experian (QX) (USOTC:EXPGY)
Historical Stock Chart
From Apr 2023 to Apr 2024