In the three months ended 30 June 2017, total revenue growth from ongoing activities was 6% at constant exchange rates and organic revenue growth was 4%. At actual exchange rates, total revenue growth from ongoing activities was 5%.

Segment Report:

North America

In North America, we delivered organic revenue growth of 4% and total revenue growth of 8% reflecting the contribution from CSIdentity, our identity protection acquisition. We delivered good growth in Credit Services, including contributions from credit prescreen and collections, and we had another quarter of good growth in business information. Growth in these areas offset softer demand in mortgage and automotive. We have also made further progress in health with a strong quarter for new bookings and an increase in the average deal size. Decision Analytics delivered strong growth driven by a large One Experian win with a major US bank and we have a strong pipeline of new opportunities for software and analytics. In Marketing Services we delivered double-digit growth, and we continue to make very good progress in becoming a recognised leader in applying data in real-time to enable marketers to reach the right audiences through digital advertising.

In Consumer Services, our aim is to reposition our business by generating large audiences through which we can drive new and diversified revenue streams. We continue to make significant progress in driving free memberships, which reached over 10 million at the end of the quarter.

We have also introduced two new offers:

  • IdentityWorks a subscription-based identity monitoring service, and
  • LendingWorks, which provides a better forum for consumers to access credit cards and loans from a network of lenders. The new product launches are early in the market and we expect to gain scale through a sequential roll out of marketing efforts. We expect this effort to continue over the next few months as we build enrolments in IdentityWorks and continue to add new credit offers and drive traffic to LendingWorks.

Latin America

Latin America delivered another strong quarter of growth, with total and organic revenue up 8% at constant exchange rates. In Brazil, we saw further strength in Credit Services, driven by new client wins, continued strength in countercyclical products and as we introduce new enriched services to small and medium enterprise clients. Decision Analytics is growing strongly across the region as we win new mandates for both software platforms and analytics products. Marketing Services performed very strongly, as we continue to scale our digital advertising capabilities in Brazil.

UK and Ireland

Total and organic revenue at constant exchange rates in the UK and Ireland declined by 3%, as growth across our business-to-business operations was offset by the anticipated decline in Consumer Services, in line with our strategy to transition this business. Business-to-business growth reflected client demand for services which help our clients enhance consumer experiences in the digital sphere, and was led by strength in credit pre-qualification services, fraud prevention services, PowerCurve software implementations, as well as new business wins for digital marketing services. In Consumer Services, while subscription revenues for credit monitoring services declined as expected, our free score offer is resonating in the marketplace with free memberships expanding to 2.2 million by the end of the quarter. We continue to develop services to engage our free members, and CreditMatcher, our lead generation service, delivered strong growth in revenue off a relatively low base.

EMEA/Asia Pacific

In EMEA/Asia Pacific, total and organic revenue growth was 7% at constant exchange rates. We continue to make good progress across EMEA/Asia Pacific, particularly where we integrate multiple products and services through our One Experian approach. This has led to success in securing several new business wins for credit decisioning software, fraud prevention services, data quality and targeting services.

 

 

Source: Experian Earnings Release