Equifax 1Q Revenue, Income Rise
Equifax Inc., the Atlanta provider of critical information to businesses, consumers and the public sector, said yesterday its first-quarter revenue grew 16 percent over the prior year to $301.6 million, driven by continued excellent performance in its North American business.Net income was $43.8 million, up 5 percent from the prior year, and earnings per share from continuing operations grew 10 percent to 33 cents. North American revenue grew 24 percent to $255.3 million with solid growth across all business units. Operating income in the quarter was $91.1 million.
Equifax Marketing Services generated revenue of $78.7 million in the quarter.
In the quarter, Equifax also introduced its Small Business suite of products, providing tools to those who have commercial relationships with small businesses in order to make informed decisions in serving their customers and prospects. The database contains comprehensive credit information on nearly 16 million small businesses.
