Experian plc (LON:EXPN) (EXPN.L) has released a first quarter trading update today which has had a negligible impact on its share price.
The company has started the financial year in line with its guidance. Revenue growth of 10% has been recorded at constant exchange rates, while organic revenue growth was 8%.
In North America, 13% growth was recorded during the period. In B2B, growth of 12% was largely due to new product introductions, with the company adding new sources of data, strength in core credit volumes and major One Experian client wins. It also saw good take-up rates for new consumer offers in its Consumer Services division, with it securing new client wins in partner solutions.
In Latin America, revenue growth of 4% at constant exchange rates was recorded. The company saw client demand for analytics, decisioning and fraud software capabilities remain strong. In the UK and Ireland, growth in revenue of 4% was aided by the continued extension of its market position, with Consumer Services making good progress.
Meanwhile, revenue growth of 11% in EMEA/Asia Pacific was down to strong take-up rates for global products, particularly decisioning software such as PowerCurve.
Looking ahead, I’m upbeat about the prospects for the Experian share price. I feel that the company has a solid growth outlook, with all of its regions performing as per expectations. With new product launches and impressive take-up of existing products, it could record further growth over the medium term.
With the company stock price having risen by 22% in the last year, its margin of safety may now be lower than it once was. However, with the company performing well in the first quarter of the year, it seems to be in a good position to deliver further growth over the medium term. As a result, I’m upbeat about its future prospects.