(Reuters) – The world’s biggest credit data firm Experian Plc on Wednesday reported higher annual revenue as it benefited from greater demand for its analytics products in North and Latin American markets, sending shares to a more-than-10-week high.
Shares of the company rose as much as 8.1% in morning trade to top the FTSE 100 blue-chip index as it reported a 6.5% rise in full-year statutory revenue to $5.18 billion.
Experian and its smaller peers — Equifax Inc and TransUnion — generate credit reports and scores based on consumer borrowing and payment habits, including bankruptcies and court judgements.
The company, whose credit reports are used by banks, car dealers, healthcare providers and retailers, said the COVID-19 crisis had only a “limited financial impact” in full year 2020.
The London-listed company said its several products including Ascend, Experian One, Open Data and CrossCore did well in the year, while Experian Boost saw “significant progress”, among…
Source Reuters Tech News
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