Equifax quarterly profit up 20 percent

Equifax said its net income increased 20 percent in the second quarter compared to a year ago, to $111 million, or 92 cents a share.

The Atlanta-based credit-reporting firm said its revenues increased 10 percent in the quarter ended June 30 compared to a year ago, to $678 million.

Equifax credited a number of factors for the profit and sales growth, including higher demand related to the Affordable Care Act for job verification services, and higher overseas product sales.

The financial results prompted Equifax to project revenue in the current quarter will increase as much as 12 percent compared to a year ago, to between $655 million and $670 million, and profit per share to increase up to 13 percent, to between $1.08 to $1.11 per share.

“We anticipate a strong performance in 2015 and feel good about the outlook for 2016,” said Equifax CEO Richard Smith.

About the Author

Russell Grantham

Have you thought about how AI will change cybersecurity? You should.

Some Atlantans and companies are dabbling in AI, while others have fully embraced it. But with any fast-changing technology promising opportunity, there’s a dark side.

6 ways AI can upgrade your holiday shopping this season

Shoppers are turning to AI tools like ChatGPT, Gemini, Claude and Perplexity to research products, compare prices and more.

Hyundai suppliers fined after forklift death at Georgia EV factory site

Three companies affiliated with Hyundai’s Metaplant campus near Savannah have been fined for safety violations that allegedly contributed to a worker’s gruesome death.

The Latest

Credit: TNS

In the market for a luxury vehicle? You might reconsider Lincoln.

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

Featured

Credit: Phil Skinner / Staff

Atlanta antique appraiser made $20M selling fakes, lawsuit says

An Atlanta art and antique appraiser is being sued by a Florida multimillionaire, who says he spent about $20 million on thousands of fake works.

How an ex-Texan and a university helped change the face of a Georgia city

Mercer University President Bill Underwood is stepping down after two decades at the helm. He's credited with boosting enrollment, resurrecting football and reshaping Macon.

Thanksgiving to bring chilly, dry, overall delightful weather to metro Atlanta

A big drop in temperatures is coming overnight Wednesday, so go ahead and pull out those flannels and blankets.