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Experian PLC on Tuesday announced a senior departure alongside revenue growth and unchanged growth expectations. The Dublin-based consumer credit checker said Chief Operating Officer Craig Boundy will leave on August 20 to become chief executive officer of California-based virus-blocking software firm McAfee Corp. The announcement came as Experian said revenue increased by 7% in the first financial quarter ended June 30, or 8% at constant exchange rates. Organic revenue growth also was 7%. Experian Chief Executive Officer Brian Cassin said growth expectations for the full year are unchanged, as the company anticipates organic revenue growth of 6% to 8% and margin accretion of 30 to 50 basis points at constant exchange rates on an ongoing basis. In financial 2024, revenue from ongoing activities had climbed 7% at constant exchange rates. Revenue from ongoing activities was up 7.8% at actual growth rates at $7.06 billion from $6.55 billion in financial 2023. Experian shares were down 1.6% to 3,583.00 pence each on Tuesday morning in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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