Equifax Earnings Rise 75%
Equifax Inc., Atlanta, reported a 75 percent increase in second-quarter 2004 net income yesterday, with $73.2 million through June 30 compared with $41.9 million last year. The big jump included a one-time gain of $23 million from the sale of its stake in Intersections Inc., an identity theft protection and credit management services firm.The company's operating revenue also rose to $318.9 million from $317 million in the previous year. Overall, revenue for the North America Information Services division of Equifax was $176.1 million, down from $181 million in 2003.
The Marketing Services portion of the North America business was also down at $58.9 million from $66.6 million but the division's Personal Solutions business was up at $24.3 million compared with $17.4 million.
Gains also were made in Europe, reaching $37.8 million versus $32 million in 2003, and Latin America, rising to $21.8 million from $20 million.
