Equifax Inc.

Equifax’s results were a major disappointment as the company failed to meet Wall Street’s revenue and earnings expectations. In Q3, Equifax reported revenue of $1.32 billion, representing a 6% increase on a reported basis. Notably, the acquisition of BVS, a Brazilian credit bureau, in August contributed revenue of $23 million and added $0.02 per share to the adjusted EPS. The mortgage market faced significant challenges during the. Non-mortgage revenue experienced robust growth. Equifax also made significant progress in its cloud transformation efforts, with a large portion of North American revenue being delivered from the New Equifax Cloud at the end of the quarter. Furthermore, the company emphasized the importance of new product introductions and cloud capabilities in driving future growth. The acquisition of Boa Vista in Brazil was successfully closed in August, and Equifax is poised to expand its presence and capabilities by leveraging its cloud-based strategies and analytical products. Equifax also unveiled a novel combination of its service, The Work Number, and Payroll Relief software developed by IRIS Software Group. This integration serves as a testament to the company’s dedication to extending the advantages of The Work Number to enterprises of various scales and their workforce.