Experian (EXPN.L) reported higher first-quarter total revenue on July 14, as the world’s biggest credit data company benefited from growing demand and supply of credit, majorly in North America.
While the general demand for credit reports and scores is surging as the global economy arises and recovers from the pandemic, the firm now has to battle a plunge in consumer spending across Experian’s main markets – the United Kingdom and North America.
The firm, which lets 122 million people improve their credit scores and eligibility, posted a 7% increase in organic revenue from North America for the quarter that ended June 30, while flagging a drop in demand for mortgages credit.
This data company also saw a huge demand in its consumer services unit and reiterated its full-year organic revenue outlook of a 7-9% rise for the entire group.
