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Information services company Experian upgraded its outlook on revenue following accelerated growth in the second quarter of the year, led by momentum in its consumer services business.
'We now expect full-year organic revenue growth in the 7%-to-8% range, at the upper end of our previous guidance,' Experian said. Earnings (EBIT) growth was forecast at or above revenue growth, with operating cash conversion of around 90%.
For the six months ended 30 September 2019, pre-tax profit rose 2% to $480m and revenue was up 7% to $2.5bn.
The company hailed good momentum in North America amid a ramp-up in B2B innovations and double-digit consumer services growth.
The interim dividend was 14.5 cents per ordinary share, up 4%.