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Experian Plc Reports 7% Revenue Growth in its Fiscal Q1 2013/14

Experian PLC Friday reported 7% revenue growth for the first quarter and said it continues to see mid-to-high single digit revenue growth for the full year.

Organic revenue growth was also 7%.

During the quarter, Experian signed new bank facilities totaling $875 million with maturities of between two and three years.

Other than as disclosed, there has been no change since March 31 to Experian’s general financial position, which remains strong, and no material change to the trading position.

For the full year, company continues to expect mid-to-high single-digit organic revenue growth, modestly improved margins and cash flow conversion of at least 90%.

Shares closed Thursday at 1,199 pence valuing the company at GBP12.07 billion.

Source:  Market Watch

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