Advertisement
UK markets close in 6 hours 41 minutes
  • FTSE 100

    8,082.38
    +37.57 (+0.47%)
     
  • FTSE 250

    19,795.55
    -4.17 (-0.02%)
     
  • AIM

    755.52
    +0.65 (+0.09%)
     
  • GBP/EUR

    1.1631
    +0.0003 (+0.03%)
     
  • GBP/USD

    1.2425
    -0.0027 (-0.22%)
     
  • Bitcoin GBP

    53,623.45
    +368.13 (+0.69%)
     
  • CMC Crypto 200

    1,438.69
    +14.59 (+1.02%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • CRUDE OIL

    82.96
    -0.40 (-0.48%)
     
  • GOLD FUTURES

    2,331.40
    -10.70 (-0.46%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • DAX

    18,201.55
    +63.90 (+0.35%)
     
  • CAC 40

    8,120.97
    +15.19 (+0.19%)
     

Experian's quarterly revenue rises

(Adds details)

Jan 18 (Reuters) - Experian Plc (Other OTC: EXPGF - news) , the world's biggest credit data company, on Thursday reported a 5 percent rise in third-quarter organic revenue from ongoing activities at constant exchange rates, and said it expects full-year organic revenue growth in the mid-single digits.

The FTSE-100 company, best known for running consumer credit checks for banks, landlords and retailers, said organic revenue from ongoing activities for the quarter ended Dec (Shanghai: 600875.SS - news) . 31 rose 5 percent in North America and was unchanged in UK and Ireland (Other OTC: IRLD - news) at constant exchange rates.

The company said it expects its benchmark tax rate for the year ending March. 31 to be unchanged from it previous guidance of between 26-27 percent, after the latest U.S. tax cut.

ADVERTISEMENT

Growth in Experian's business-to-business operations in the UK and Ireland was offset by declines in consumer services.

However, in the U.S., growth was driven by its business-to-business operations, as it signed several major financial institutions to the service during the quarter.

Experian's business-to-business activities include credit services, decision analytics and marketing services.

North America accounts for 57 percent of Experian's revenue.

Latin America, Experian's third-biggest market by revenue, saw revenue growth of 7 percent.

Experian, along with two other major credit reporting agencies, Equifax Inc (NYSE: EFX - news) and TransUnion (Berlin: 13331323.BE - news) , generate credit reports and scores based on consumers' borrowing and payment habits, including bankruptcies and court judgements.

Experian reported a jump in first-half profit as it reported some initial gains from a data breach at Equifax and broader growth across its operations. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Bernard Orr)