Credit data firm Experian said today it expects margin expansion to be towards the upper end of its 30-50 basis point range for fiscal year 2025, driven by strong demand for mortgage and fraud solutions.
The recent interest rate cuts in the US and the UK could stimulate mortgage lending, driving increased demand for Experian's fraud and identity solutions, as lenders process more applications and are more likely to rely on the company's tools to assess credit risk and prevent fraud.
Demand for new products along with its efforts to expand footprint also drove growth, despite a subdued credit supply backdrop, the company said in a statement.
The Dublin-headquartered company agreed to buy Brazilian cyber security firm ClearSale in October, in a bid to enhance its identity and fraud (ID&F) business in Latin America's largest economy.
Experian said its revenue from ongoing activities rose 6% at actual rates to $3.62 billion for the six month period to September 30.
The company reiterated annual organic revenue growth outlook of 6%-8% for fiscal year 2025, ending March 31 next year.
