Information services company Experian has posted a rise in revenue for the three months to December 31st, during which time total revenue from continuing activities increased by seven per cent at constant exchange rates.
At actual exchange rates, total revenue from continuing activities increased by 5.0%, with the difference mainly reflecting depreciation of the Brazilian Real relative to the US dollar. Group organic revenue growth was 7.0% year-on-year.
Don Robert, Chief Executive Officer of Experian, said: "We are pleased with the progress made in the third quarter, with total and organic revenue growth of 7.0%, at constant exchange rates. We delivered widespread growth demonstrating the breadth of our portfolio and continued successful execution of our growth strategy, helping us to withstand ongoing pressures in the global economy.
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"Looking ahead, for the full year we expect organic growth to be to high single-digit, with organic growth in the second half similar to our third quarter results. We also reiterate our full year expectations of modest margin improvement at constant currency and to convert at least 90% of EBIT [earnings before interest and tax] into operating cash."
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