(Alliance News) - Experian PLC on Wednesday posted double-digit growth in the first half of its financial year, with the credit checking firm raising annual guidance and lifting its payout.
Dublin-based Experian said revenue in the six months to September 30 rose 23% year-on-year to USD3.06 billion from USD2.49 billion. Pretax profit increased 43% annually to USD654 million from USD458 million.
At constant currency, revenue grew 21%, while pretax profit was up 32%.
"We had a very good first half performance," Chief Executive Brian Cassin said.
"Consumer Services has seen standout growth, and our B2B businesses continue to perform very well. We expect progress to continue."
For the full-year, Experian expects an organic revenue climb of between 11% and 13%. The forecast range is markedly above the 6% constant currency growth seen during the previous financial year. Revenue then amounted to USD5.37 billion.
Experian's previous guidance for financial 2022 was for constant currency growth between 9% and 11%.
Experian lifted its interim payout by 10% to 16 cents per share from 14.5 cents.
Shares in the company were 1.3% lower at 3,465.00 pence each in London on Wednesday morning.
By Eric Cunha; ericcunha@alliancenews.com
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Experian (EXPN)
