Equifax reported revenue of $880.0 million in the second quarter of 2019, up slightly compared to the second quarter of 2018 and up 3 percent on a local currency basis.
Net income attributable to Equifax of $66.8 million was down compared to net income attributable to Equifax of $144.8 million in the second quarter of 2018.
Second quarter diluted EPS attributable to Equifax was $0.55, down compared to $1.19 in the second quarter of 2018.
“The second quarter was a positive step forward for Equifax as we delivered solid financial results while continuing significant investments in our multi-year $1.25 billion EFX 2020 cloud technology and security transformation program.” said Mark W. Begor, Chief Executive Officer of Equifax. “During the quarter, we announced the acquisition of PayNet, a leader in commercial lending data and insights as a part of our focus on expanding our differentiated data assets. Earlier this week, we announced a comprehensive resolution of significant U.S. consumer-related litigation and regulatory investigations arising from the 2017 cybersecurity incident. The settlement is an important step for consumers and Equifax as we move forward from the 2017 cybersecurity incident and focus on investing in our future as a leading data, analytics, and technology company.”
Source: Equifax Earnings Release