Experian reports strong Q3 growth
Consumer credit reporting company Experian Plc reported strong third-quarter growth on Wednesday, with total revenue increasing 12% at actual exchange rates and 10% at constant currency, alongside 8% organic revenue growth, in line with expectations.
Experian maintained its full-year outlook, driven by continued momentum across its global operations, particularly in North America which saw 11% total revenue growth, and Latin America which saw a 15% organic revenue growth rate.
UK and Ireland revenues were up 11% year-on-year, primarily due to the contribution from the recently acquisition of KYC360, while EMEA and Asia Pacific revenues were up 4% on a total constnt currency basis as Experian drove strong growth across a number of core markets, including Italy, Spain and South East Asia, despite "a tough comparable" from large software deliveries in the prior year.
Chief executive Brian Cassin said: "We delivered strong Q3 growth, with revenue increasing 12% at actual exchange rates, 10% at constant currency and 8% organically, all in-line with our expectations.
"With continued strong momentum, our full year expectations are unchanged. We continue to leverage our scaled proprietary data assets, strong technology foundations and deep expertise to deliver on our strategic priorities and crystallise exciting new AI opportunities."
Reporting by Iain Gilbert at Sharecast.com
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