Experian Expects Revenue Growth for Fiscal 2024
Experian, the credit-reporting agency, has announced that it expects its revenue growth for fiscal 2024 to be at the higher end of its guided range. The London-listed group has adjusted its forecast, now expecting organic revenue growth to be between 5% and 6% at constant exchange for the year ending March 31. This is an increase from the previous guidance of between 4% and 6%. Analysts' estimates point to a growth rate of 5.2% for the period.
During the three months ended December 31, Experian posted strong results with organic revenue growth of 6% and total revenue growth of 7%, both at constant-exchange rates. Chief Executive Brian Cassin expressed satisfaction with the performance, stating, "We delivered good growth in Q3, at the upper end of our expectations."
Experian's North America business, which accounts for more than two-thirds of its total revenue, reported organic revenue growth of 5%. Its Latin America segment, responsible for 15% of revenue, showed impressive growth of 13%. The U.K. and Ireland division reported 3% organic growth, while the Europe, Middle East, and Africa and Asia-Pacific division reported organic revenue growth of 7%.
This positive outlook and solid performance position Experian well for future success.
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