Equifax Inc. (NYSE: EFX) reported revenue of $522.7 million in the first quarter of 2012, an 11 percent increase from the first quarter of 2011. On a non-GAAP basis, first quarter revenue was up 15 percent in U.S. dollars and 16 percent in local currency, excluding Brazilian operating results due to the deconsolidation of Brazil in the second quarter of 2011.
In addition to the financial highlights noted above, first quarter 2012 net income attributable to Equifax was $71.5 million, a 25 percent increase from the prior year. Operating margin was 24.7 percent for the first quarter of 2012, up 160 basis points from the first quarter of 2011.
U.S. Consumer Information Solutions (USCIS) revenue was $217.7 million in the first quarter of 2012 compared to $181.0 million in the first quarter of 2011, an increase of 20 percent.
International revenue was $121.0 million in the first quarter of 2012, a 5 percent decrease from the first quarter of 2011. On a non-GAAP basis, excluding Brazil, revenue grew 12 percent on a reported basis and 15 percent on a local currency basis.
TALX Workforce Solutions total revenue was $113.7 million in the first quarter of 2012, a 14 percent increase over the first quarter of 2011.
North America Personal Solutions revenue was $49.5 million, an 11 percent increase from the first quarter of 2011. Operating margin was 28.3 percent compared to 28.7 percent in the first quarter of 2011.
North America Commercial Solutions: Revenue was $20.8 million, up 1 percent in U.S. dollars and in local currency compared to the first quarter of 2011. Operating margin was 16.8 percent, compared to 24.9 percent in the first quarter of 2011.
Second Quarter 2012 Outlook: Based on the current level of domestic and international business activity and current foreign exchange rates, consolidated revenue for the second quarter of 2012 is expected to be up 12 to 14 percent from the year-ago quarter, excluding Brazil.
Source: Equifax Press Release
