On Wednesday, British credit data giant Experian Plc (EXPN.L) said it expected its annual organic revenue to expand between 4% and 6% due to steady corporate and consumer demand.
Company forecasts predicted 5.8% revenue growth.
Experian has profited as Britain’s lenders want more data on new and existing customers’ finances despite high inflation.
Banks, non-traditional lenders, and insurance companies utilize the company’s credit reports and scores to assess risk, fraud prevention, and loan terms.
Experian’s earnings before tax declined 19% to $1.17 billion on a 7% organic revenue increase to $6.59 billion for the year ended March 31.
