Credit check group enjoys revenue rise
Credit checking group Experian has reported a 5% jump in half-year revenues, having seen a customer windfall in the wake of the Equifax data breach, but warned that tighter regulations could follow.
The firm said it had a "good start" to its financial year, booking revenues of $2.19bn (£1.66bn) for the six months to September 30, while operating profit rose 6% to $518m (£393m). On a statutory basis, pre-tax profit fell 7% to $467m (£355m). It noted "strong" growth in its business-to-business activities and "good progress" in consumer services.
The Equifax hack resulted in new customers for Experian.