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Experian Backs Full-Year Guidance After Revenue Grows

July 16, 2024 at 07:31 am

By Najat Kantouar

Experian said revenue for its fiscal first quarter rose in line with expectations, and backed its guidance for the year.

The credit-reporting agency said Tuesday that for the three months ended June 30, organic revenue growth was 7%, with total revenue growth of 8% at constant exchange rates.

All four of its regions contributed positively to growth, it said. North America organic revenue grew 8%, Latin America's rose 5%, and U.K. and Ireland's increased 2%. Europe, Middle East, Africa and Asia-Pacific organic revenue was up 7%.

Looking ahead, Experian still expects to deliver organic revenue growth in the range of 6% to 8% in fiscal 2025 and good margin expansion, in the range of 30-50 basis points at constant currency.

Separately, the company said chief operating officer and director Craig Boundy will step down from his position on Aug. 20 to take up a new role as chief executive officer of McAfee Corp.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

07-16-24 0230ET

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Craig Boundy

Craig Boundy is currently the Chairman at Serasa SA. He is also the Chief Operating Officer & Executive Director at Experian Plc, the Director at Corporate Cost Control, Inc., and the Chief Executive & Operating Officer at Experian Information Solutions, Inc. Formerly, Mr. Boundy served as the Chief Executive Officer at Experian North America, Inc., the CEO-Global Operations at CGI IT UK Ltd., the Chief Operating Officer & Sales Director at Energis Plc, the Director at The 41st Parameter, Inc., the Managing Director at Experian Ltd., the Director at Consumerinfo.com, Inc., and the Chief Operating Officer at Cable & Wireless Ltd.

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Experian Information Solutions, Inc. Experian Information Solutions, Inc. Financial Publishing/ServicesCommercial Services Experian Information Solutions, Inc. engages in the provision of customer relationship management solutions. It offers services relating to business home, customer acquisition, customer management, risk management, fraud management, debt recovery, consulting services, and regulatory compliance. The company was founded in 1996 and is headquartered in Costa Mesa, CA.	Chief Executive Officer
Serasa SA Serasa SA Miscellaneous Commercial ServicesCommercial Services Serasa SA provides credit reporting services. It provides financial reports that include information on the make-up and concentration of the credits, and securities portfolio for analyses and solutions with credit, information and telecommunications technologies. The company was founded on October 3, 1968 and is headquartered in Sao Paulo, Brazil.	Chairman

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