Experian says trading in line, backs guidance


Experian PLC (EXPN.LN) said Friday that trading in the first quarter was in line with its expectations and backed its guidance for the full fiscal year at constant currency.

The credit reference agency said total revenue grew 10% on year at constant-currency rates and organic revenue grew 8% for the three months ended June 30.

The company said its first-quarter performance reflected a range of new products across a number of areas.

In North America, organic revenue grew 11% and total revenue rose 13% on year, largely driven by the contribution from its recently acquired Clarity Services business, the company said.

The EMEA and Asia Pacific also posted double-digit revenue growth during the quarter, with both total and organic revenue growth up 11%, thanks to good take-up rates for products such as the PowerCurve software, the company said.

Source : MTV