Experian 1Q Total Revenue Rose; Backs Fiscal Year 2023 Views

By Michael Susin

Experian PLC said Thursday that revenue for the first quarter of fiscal 2023 rose at constant exchange rates driven by its portfolio diversity and growth initiatives.

The consumer-credit reporting agency said total revenue at constant exchange rates for the three months ended June 30 rose 9% when compared with the year-earlier period, with organic revenue increasing 8%.

In the U.K. and Ireland, total and organic revenue at constant exchange rates rose 5%.

The company said North America, which represents 65% of the group's revenue, delivered an organic growth of 7%.

Latin America kept a strong trajectory and posted a rise in total revenue at constant exchange rates of 23%, and a increase in organic revenue growth of 18%, it added.

The company said that expectations for the full year remain unchanged, and that it sees organic revenue growth in the range of 7% to 9%.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

July 14, 2022 02:36 ET (06:36 GMT)

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