APPRO Deal Fuels Equifax In Second Quarter
ATLANTA – Credit bureau Equifax said net income surged in its second quarter by 20% to $71.3 million, fueled by a $12 million gain from the April sale of its APPRO product line.
The company is in the process of selling its Direct Marketing Services division for $117 million, which will be reflected in third quarter earnings.
Second quarter revenues were up 7% to $460.7 million.
For the first six months of the fiscal year Equifax reported a 6% rise in revenues to $903.7 million, and a 12% increase in net income to $128 million, compared to the first half last year.