Experian (LON:EXPN) shares rose nearly 5% on Tuesday after the credit data giant reported a strong start to its financial year, with no changes to its full-year guidance.
The company said group revenue jumped 12% in the three months to June, with organic growth of 8%, comfortably within expectations.
North America led the charge with 9% organic growth, helped by strong demand for premium credit services and rising activity in its online marketplace, especially for credit cards and personal loans. Latin America and EMEA-Asia Pacific also delivered solid performances, though the UK & Ireland business lagged behind with just 1% growth.
Management noted financial services remained robust, buoyed by new product launches and a modest pickup in client demand. Subscription services continued to do well, while data breach-related revenues fell as expected.
The company stuck to its previous forecast of 9-11% overall growth for the full year, with 6-8% organic growth. Investors will get a more detailed update when half-year numbers are published in November.