|Equifax reports first quarter 2009 results|
|Thursday, 23 April 2009|
Equifax Inc has announced financial results for the quarter ended March 31, 2009. The company reported revenue of $452.9 million in the first quarter of 2009, a 10% decrease from the first quarter of 2008, of which 6% was due to the unfavourable effect of foreign exchange rates.
First quarter 2009 net income was $54.4 million, down from $65.7 million in the prior year. Diluted earnings per share ("EPS") for the first quarter of 2009 was $0.43 compared to $0.50 in the same period of the prior year. On a non-GAAP basis, EPS, excluding the impact of acquisition-related amortization expense and a restructuring charge ("adjusted EPS"), was $0.58.
Total revenue was $210.0 million in the first quarter of 2009, a 10% decrease from the first quarter of 2008 and a slight increase from the fourth quarter of 2008.
Operating margin for international was 28.7% in the first quarter of 2009, down from 30.5% in the first quarter of 2008 and up from fourth quarter operating margin of 27.0%
Second quarter 2009 outlook
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