Shares in global data services specialist Experian (EXPN) are on a roll after the firm reported another strong set of results lifted by strong global demand.

In November, the group reported a 5% increase in revenue on an organic basis to $3.42 billion for the six months ending 30 September 2023 driven by demand at both its B2B (business-to-business) and consumer divisions.

It also announced its first interim dividend of $0.18, payable to shareholders on 2 February.

The good news continued with the company’s third-quarter trading update last month, with chief executive Ben Cassin reporting the company had delivered growth ‘at the upper end of expectations.’

Cassin said for the full year 2024, the global data services specialist expects organic top-line growth to be between 5-6% ‘with modest margin accretion, all at constant exchange rates and on an ongoing basis’.

‘Bright sparks’ in the third quarter were Latin America, where group revenue was up 15%, and the UK and Ireland group where revenue was up 12%.

Over the past month the shares have gained 8% to a new 12-month high of £33.60, not far off their late 2022 record levels, as the company continues to strike a chord with businesses and consumers worldwide. 

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