Equifax CEO says ‘we are off to a strong start in 2023’

"We are off to a strong start in 2023 with First Quarter non-mortgage constant currency revenue growth of 10%, continued strong new product performance with a Vitality Index of 13% and solid execution of our $200 million 2023 spending reduction plan. We also signed a definitive agreement to acquire Boa Vista Servicos, the second largest credit bureau in Brazil. This acquisition will expand Equifax capabilities in the large and fast-growing Brazilian market and add to our diverse International portfolio while giving Boa Vista Servicos access to our expansive global capabilities and cloud-native data, products, decisioning and analytical technology for the rapid development of new products and services, and expansion into new industries. We expect to complete the acquisition, including receiving Boa Vista Servicos shareholder approval, in the third quarter," said Mark Begor, CEO of Equifax. "We are confident in the future of the New Equifax as we move toward completion of our EFX Cloud and Data transformation, leverage our new Cloud capabilities to accelerate new product roll-outs that ‘Only Equifax’ can provide to drive future growth in 2023 and beyond. We are energized about the New Equifax and remain confident in our long-term 8-12% growth framework that will deliver higher margins and free cash flow."