Equifax Posts First-Quarter Revenue Growth
Operating income increased 11.9 percent to $99 million in first quarter 2001 from $88.5 million in the year-ago period.
Equifax attributed its performance to strong profit growth in its information services division -- which includes Equifax Direct Marketing Solutions -- and its payment services division, along with new product initiatives and improved operating productivity.
In Equifax's information services division, revenue increased 4.2 percent to $285.1 million and operating income rose 12.2 percent to $83 million in the first quarter.
For the payment services division, revenue increased 9.7 percent to $194.6 million and operating income rose 10.6 percent to $28.7 million in the first quarter.