Equifax Inc. (NYSE: EFX) reported revenue from continuing operations of $460.7 million in the second quarter of 2010, a 7 percent increase from the second quarter of 2009 (6% excluding the favorable effect of foreign exchange.
Second quarter 2010 net income from continuing operations $57.7 million, a 2 percent increase from the prior year.
Revenue growth for US Consumer Solutions was flat. In this segment Online Consumer Information Solutions revenues declined by 7% which was offset by a significant growth in Consumer Financial Marketing services (up 30%).
International revenues increased by 12% AFX (6% in local currency). TALX revenues grew by 15%. North American Personal Solutions revenues grew by 8%. North American Commercial Solutions revenues were up by 18%
“For the second quarter, we experienced broad-based revenue growth that was better than expected as overall market conditions began to improve and we continued to benefit from our new product innovations. At the individual business unit level, International, TALX, North America, Personal Solutions, and North America Commercial all exceeded our expectations. US Consumer Information Solutions revenue was flat, in line with our expectations, while they significantly improved their operating margin from the first quarter,” said Richard F. Smith, Equifax’s Chairman and Chief Executive Officer. “We continue to be optimistic and expect improved, year-over-year performance for the third quarter consistent with the full year outlook we expressed at the beginning of the year.” Source: Equifax Earnings Release