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Information services company Experian said total revenue grew 4% during the first quarter as a decline in UK and Ireland revenue kept a lid on performance.
In North America, revenue increased by 9% at actual exchange rates, but that was partly offset by a weaker performance in Latin America, UK and Ireland and EMEA/Asia Pacific, with revenues down 1%, 6% and 1%, respectively.
The growth in North America was underpinned by the contribution from the recent acquisition of AllClear ID, a strong performance from the Experian's B2B and consumer services segments, with saw organic growth of 8% and 9%, respectively.
In the UK and Ireland, as expected there was a decline in decisioning organic revenue of 13% as 'we lapped a strong prior-year quarter when we secured a large number of contract wins. Combined, this led to a (1%) decline in organic revenue for B2B overall,' the company said.
'We have started the year well and in line with our expectations. Q1 total revenue growth was 7% at constant exchange rates and organic revenue growth was 6%. At actual exchange rates total growth was 4%. We are excited about our prospects and for the year ahead our guidance is unchanged,' said Brian Cassin, Chief Executive Officer.
Experian will release results for the first half ending 30 September 2019 on Tuesday 12 November 2019.