Experian maintains 'strong' performance in Q3 despite UK revenue decline

Information services company Experian has experienced a strong third quarter despite a decline in UK sales.

In the UK and Ireland Experian saw its total revenue drop by 3 per cent over the last quarter, which the company attributed to “longer sales cycles and deferral of decision-making by clients for large software implementations.”

The firm’s overall global performance was bolstered by strong performances in its North America and Latin America, with 11 per cent and 19 per cent total revenue growth respectively.

Commenting on the performance, Experian chief executive officer, Brian Cassin, said: “We delivered another quarter of good growth as we execute on our strategy of innovation-led growth.

“Total revenue growth in Q3 was 9 per cent and organic revenue growth was 7 per cent, both at constant exchange rates. At actual exchange rates total growth was 7 per cent.

“Overall the performance was in line with our expectations and our guidance for the full year is unchanged.”

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