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Credit checker Experian's first-quarter revenue up 10%

The company is best known for running consumer credit checks for banks, landlords and retailers
The company is best known for running consumer credit checks for banks, landlords and retailers

Experian, the world's biggest credit data company, today reported a 10% rise in first-quarter revenue, driven by growth across its four main global markets and putting it on course to meet its previous annual guidance. 

The company is best known for running consumer credit checks for banks, landlords and retailers.

It said revenue from ongoing activities for the quarter ended June rose 13% in North America and 4% in UK and Ireland at constant exchange rates. 

"Our performance continues to reflect a range of new product introductions across a number of areas, and for the year ahead, at constant currency, our guidance is unchanged," chief executive Brian Cassin said. 

Experian, along with two other major credit reporting agencies, Equifax and TransUnion, generate the bulk of the world's credit reports and scores based on consumer borrowing and payment habits, including bankruptcies and court judgements. 

The company said its revenue in the quarter rose 9% after stripping out the effect of exchange rate movements.

Experian's operations in North America and the UK and Ireland have been boosted by the acquisition of credit bureau Clarity Services and financial technology company Runpath.