Experian Plc Reports 7% Revenue Growth in its Fiscal Q1 2013/14

Posted by Joachim Bartels | Jul 15, 2013 | Analytics, Business Information, Consumer Credit Information, Consumer Marketing, Credit Information, Credit Scoring & Decision System, Experian, Fraud Solutions, Platforms / Workflow Tools, United Kingdom, United States | 0 |

Experian PLC Friday reported 7% revenue growth for the first quarter and said it continues to see mid-to-high single digit revenue growth for the full year.

Organic revenue growth was also 7%.

During the quarter, Experian signed new bank facilities totaling $875 million with maturities of between two and three years.

Other than as disclosed, there has been no change since March 31 to Experian’s general financial position, which remains strong, and no material change to the trading position.

For the full year, company continues to expect mid-to-high single-digit organic revenue growth, modestly improved margins and cash flow conversion of at least 90%.

Shares closed Thursday at 1,199 pence valuing the company at GBP12.07 billion.

Source: Market Watch

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.