The US$1.4bn acquisition of TALX, solid growth in international revenues and a positive foreign exchange effect saved Equifax from the negative effects of the credit crunch.

European revenues grew by 20% (10% local); Latin America was up by 19% (12% local) and Canada consumer revenue was up 12% (5% local).  Operating margins for international were 29.8% for the full year, up from 29.3% from prior year.

Turning up the heat on D&B, Equifax reported a 37% increase in commercial solutions revenues, which rose to US$67.6 million.

Most of the consumer related products and services reported modest growth or declines in revenues. Negatively impacted are mortgage reporting solutions, down 8%, and credit marketing services revenue which declined by 6%. 

Richard F. Smith, Equifax CEO stated: “In 2007, we made significant progress executing on our growth strategy.  We acquired TALX, the largest acquisition in the company’s history, which significantly diversifies revenues and broadens our product portfolio. In addition we continued market penetration of analytics and enabling technologies in U.S. Consumer Information Solutions and experienced strong incremental growth and margin improvement in our International business

BIIA Newsletter March – 2008 Issue