|Revenue for the first quarter of 2007 was US$ 405.1 million up from US$ 374.0 prior year quarter. Operating income for the first quarter of 2007 was US$ 117.0 million up from US$ 109.2 prior year period. CEO R.F. Smith contributes strong growth to the companies focus on enabling technologies (data integration tools) and predictive sciences (analytics).
Last year Equifax entered the commercial credit information space in earnest and is now aggressively pursuing the acquisition of trade information. The commercial data file is growing in depth and breadth. 50% of business cases on file have more than 5 trade lines. Equifax claims to have 80 million trade lines with 65% being active. Commercial credit information revenue rose to 14.4 million, a 41% increase from the prior year.
The 14.4 million is still a far cry from D&B’s commercial credit information revenues of US$ 392.5 million in Q1 and trade line of over half a billion. It will be interesting to note how Equifax will respond to the new Experian launch of the BizSourceSM value proposition. Source: www.equifax.com
BIIA Newletter May – 2007 Issue