Atlanta (ots-PRNewswire) - Equifax Inc. (NYSE: EFX) today reported
improved first quarter results driven by revenue growth and the
strong operating performance of North American Information Services,
Payment Services, Europe and Latin America.
First quarter highlights contributing to these results include:
* Revenues for the quarter ending March 31, 2000, climbed 7.0
percent to $451.1 million compared to the prior year period;
* Operating income was $87.6 million, with an operating income
margin of 19.4 percent; and
* First quarter earnings per share were $.31.
"Equifax is off to a great start in 2000, with the performance of
all operations showing great momentum," said Tom Chapman, Equifax
chairman and chief executive officer. "Earnings per share increased
15.7 percent this quarter, excluding software license sales from
first quarter 1999, losses associated with our investments in
emerging businesses (Equifax Secure, Knowledge Engineering, Consumer
Direct and U.K. card processing) and the 1999 nonrecurring expenses
associated with Year 2000. Revenue growth was 7.0 percent this
quarter, an acceleration from revenue growth in the fourth quarter of
Equifax President and Chief Operating Officer Lee A. Kennedy said,
"Revenue in U.S. Credit Information and Marketing Services increased
6.1 percent and benefited from strong performance in marketing
services. We are signing up new customers in the brokerage industry.
We continue to make substantial progress in Europe and posted our
third consecutive quarter of profitability."
During the quarter, the Company purchased 296,000 shares of stock
for $6.5 million. Approximately $94 million remains available for
repurchase; however, Equifax has discontinued its share repurchase
activity until it pays down the debt that will be associated with the
announced acquisition of the consumer information services businesses
of R. L. Polk.
ots Original Text Service: Equifax Inc.
Marietta Edmunds Zakas, Corp. VP, Investor Relations
(USA) 404-885-8304, or firstname.lastname@example.org
John A. Ford, VP, Communications
(USA) 404-885-8309, or email@example.com
both of Equifax Inc.
Web site: http://www.Equifax.com
Original-Content von: Equifax Inc., übermittelt durch news aktuell