Experian PLC (EXPN.LN) said Thursday that it is maintaining its expectations for fiscal 2018 as it recorded 5% growth in third-quarter organic revenue.
The credit-checking company said that following tax reform in the U.S., it expects the reduction in its group tax rate will be broadly offset by reduced tax deductions for interest and other costs. It expects its group tax rate for the year ending March 31 will be unchanged from previous guidance of between 26% and 27% and will be within a similar range in fiscal 2019.
For the three months ended Dec. 31, Experian said total revenue growth at actual exchange rates was 8% and 6% at constant exchange rates.
Chief Executive Brian Cassin said Experian continues to expect full-year organic-revenue growth of mid-single digits, with stable margins and further earnings-per-share improvement.