Experian 1Q Organic Revenue +4%; Backs FY18 Guidance

By Ian Walker Features Dow Jones Newswires

Experian PLC (EXPN.LN) Tuesday reported a 4% rise in organic revenue for the first quarter of fiscal 2018, in line with its guidance, despite continued difficulties at its U.K. and Ireland business.

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The global information services company said the performance at its consumer services business reflects a 3% fall in U.K. and Ireland business growth, but this was offset by growth in business-to-business revenue.

North American revenue grew 4% at constant-currency rates during the quarter ended June 30, while Latin America revenue grew 8%. Europe, Middle East and Africa as well as Asia-Pacific revenue grew 7% in the quarter.

Experian said it continues to expects organic revenue growth for the year within its target mid single-digit range, with stable margins and further progress in benchmark earnings per share.

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

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July 18, 2017 02:38 ET (06:38 GMT)