Experian 3Q Organic Revenue Grew 7%, Backs Full-Year Guidance

   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 [e-mail]; @sabelaojeaguix

(END) Dow Jones Newswires

January 17, 2020 02:34 ET (07:34 GMT)

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