Experian turned in solid growth in its fiscal third quarter. Excluding currency effects, total revenue increased 7% year over year, with this growth spread fairly evenly across geographic segments. North America grew 7% year over year, helped by a spurt of mortgage refinancing and expansion into new verticals.
Latin America recorded an 11% year-over-year increase excluding currency effects, which represents a moderation in growth but is still a good performance, given tough comps from last year and a slowing Brazilian economy. United Kingdom/ Ireland held up well, as strong growth in consumer services offset weaker results in other business lines. But the European economy was a drag on the EMEA/Asia Pacific segment, which reported a relatively lackluster 1% yearover- year increase excluding currency effects.
Overall, analysts are pleased with the growth the company achieved in the quarter. While some areas had tailwinds, the global demand picture can be viewed as mixed, and the growth rate speaks to solid execution on management’s behalf.
Experian is one of the leading credit bureaus in North America and the United Kingdom, providing the consumer information that is the basis for granting credit. The company also provides decision analytics, marketing data, and direct-to-consumer credit products. About one third of the company’s revenue is generated outside North America and the United Kingdom, primarily in Latin America and Asia.
Suggested Reading: Best Colleges to Find A Husband