16th Jul 2015 06:34
LONDON (Alliance News) - Information services and credit reports company Experian PLC on Thursday said it has made an encouraging start to its current financial year, with progress made across the business, even as foreign exchange translation challenges continue.
The FTSE 100-listed company said it has seen good progress in its software and analytics, fraud and identity management, consumer and business information arms and has seen improved trading in Brazil in the first quarter to the end of June.
The group said it has seen a good performance in its credit services arm in North America, particularly from the healthcare and automotive sectors, and said it is making progress on turning around its consumer services business, with revenue from its online service rising by 20% in the quarter.
Experian said its expectations for the year are unchanged, with organic growth expected to improved over the course of the year. Though it expects foreign exchange to remain a drag on its results, it does expects its full-year margins to be stable and its earnings per share to improve on a constant currency basis.
By Sam Unsted; [email protected]; @SamUAtAlliance
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