Experian's underlyng revenues rise 7%

15th Jul 2010 07:01

Global information services company Experian saw improved performance across all its geographic regions except the UK & Ireland in the May to June period.Revenue growth was once again strongest in the Latin America region, up 43% on a year earlier using actual exchange rates. On a constant exchange rate (CER) basis total revenue in Latin America was 22%.North America posted 5% growth in revenues.Europe, the Middle East and Africa/Asia Pacific saw revenues grow 9%, or 10% on a CER basis; organic growth was 2% using CER.The UK & Ireland saw revenues dip 4%, and were down 1% on a CER basis. In total Experian saw revenues rise 9% using actual exchange rates and advance 7% using CER. Organic growth on a CER basis was 6%.By principal activity, organic revenue increased 11% at Interactive, 9% at Marketing Services and 4% at Credit Services. Organic revenue declined 3% at Decision Analytics. "Experian is benefiting from strong execution across the globe, even though recovery in the US and the UK financial markets remains very gradual. For the first half, we are targeting mid single-digit organic revenue and EBIT [earnings before interest and tax] growth (from continuing activities at constant currency)," said Experian's chief executive officer, Don Robert.The first half of the company's financial year runs from April to September.