Experian 3Q Organic Revenue Rose 5%, Maintains 2018 Expectations
January 18 2018 - 2:59AM
Dow Jones News
By Maryam Cockar
Experian PLC (EXPN.LN) said Thursday that it is maintaining its
expectations for fiscal 2018 as it recorded 5% growth in
third-quarter organic revenue.
The credit-checking company said that following tax reform in
the U.S., it expects the reduction in its group tax rate will be
broadly offset by reduced tax deductions for interest and other
costs. It expects its group tax rate for the year ending March 31
will be unchanged from previous guidance of between 26% and 27% and
will be within a similar range in fiscal 2019.
For the three months ended Dec. 31, Experian said total revenue
growth at actual exchange rates was 8% and 6% at constant exchange
rates.
Chief Executive Brian Cassin said Experian continues to expect
full-year organic-revenue growth of mid-single digits, with stable
margins and further earnings-per-share improvement.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
January 18, 2018 02:44 ET (07:44 GMT)
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