Equifax delivers fourth quarter 2023 revenue growth of 11% to $1.327 billion amid challenging mortgage market

Atlanta , feb. 7, 2024 /prnewswire/ -- equifax inc. (nyse: efx) today announced financial results for the quarter and full year ended december 31, 2023. fourth quarter 2023 revenue of $1.327 billion grew strong 11%, with 14% non-mortgage local currency revenue growth workforce solutions 4q revenue growth of 10%, with strong 17% non-mortgage revenue growth and verification services non-mortgage revenue growth of very strong 27% with strong growth in government and talent usis 4q revenue growth of 5% with 16% mortgage revenue growth and 3% non-mortgage revenue growth international 4q revenue growth of 20% on a reported basis and 22% on a local currency basis, with organic local currency revenue growth of 6% strong new product innovation leveraging new efx cloud with 14% 4q new product vitality index full year 2023 revenue growth of 3%, to $5.265 billion, despite the significant 17% decline in mortgage revenue from higher rates strong execution of 2023 $210 million cloud spending reduction plan issuing full-year 2024 guidance midpoint expectation for revenue of $5.720 billion, up 8.6%, with strong non-mortgage local currency revenue growth of over 10.5% and adjusted eps of $7.35.
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