# Experian sees annual revenue growth on steady demand
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-05-17
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Experian Expects 4-6% Annual Revenue Growth Amid Steady
Meta Description: Experian forecasted 4-6% organic revenue growth, driven by high demand from businesses and consumers in the UK.
URL: https://financedigest.com/experian-sees-annual-revenue-growth-on-steady-demandhtml

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# Experian sees annual revenue growth on steady demand

(Reuters) – British credit data firm Experian Plc said on Wednesday it expects its annual organic revenue to grow between 4% and 6% on the back of steady demand from businesses and consumers.

Analysts were expecting the company to forecast a revenue growth of around 5.8%, according to company-compiled estimates.

Experian has benefited as Britain’s lenders seek more data on the finances of potential and existing customers amid still-high inflation.

The company’s [key customers include banks](https://www.financedigest.com/open-banking-cloud-key-fs-innovation.html "Open Banking: why cloud is key to FS innovation"), non-traditional lenders and insurance providers, which use its credit reports and scores to analyse and make decisions around credit risk, fraud prevention and lending terms.

For the year [ended March](https://www.financedigest.com/tennis-panic-attack-ends-tsurenkos-indian-wells-as-raducanu-marches-on.html "Tennis-Panic attack ends Tsurenko’s Indian wells, as Raducanu marches on") 31, Experian’s profit before tax fell 19% to $1.17 billion on organic revenue growth of 7% to $6.59 billion.

(Reporting by Eva Mathews in Bengaluru; Editing by Subhranshu Sahu)


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