AI boom adds another string to Experian’s bow

In response to Experian’s Q3 trading update this morning, Mark Crouch, analyst at eToro said:

In the midst of an AI gold rush, it is companies like Experian that sell the shovels, with the processing and protection of data becoming paramount to businesses and individuals alike.

The world’s leading data and analytics services company has posted a 9% rise in third-quarter revenue this morning, in what caps off a steady year within the UK and US regions, while the company has made significant strides in Latin America which grew 13%.

With strong demand around the world for data managing services and with the addition of new products and business wins, Experian now expects to grow between 5% and 6%, compared to 4% – 6% previously forecast.