(Adds revenue, analyst estimate, share buyback, outlook)
May 15 (Reuters) - Experian Plc reported a slightly higher annual pretax profit on Wednesday, as more banks and businesses in North America hired the world’s biggest credit data company.
The company’s statutory pretax profit rose 1% to $957 million for the year ended March 31, but was lower than analysts’ estimates of $1.13 billion, according to IBES data from Refinitiv.
The London-listed company and its smaller peers — Equifax Inc and TransUnion — generate credit reports and scores based on consumer borrowing and payment habits, including bankruptcies and court judgements.
Experian said for the full-year 2020 it expects organic revenue growth between 6% and 8% and sees benchmark core earnings growth at or above revenue growth.
The company also announced a new share purchase programme of up to $400 million and said it had completed $215 million in share repurchases.
Experian said full-year statutory revenue rose 6% to $4.86 billion, in line with estimates.
Total revenue in North America, the company’s largest market, rose 11% to $2.91 billion boosted by new clients and product launches, while revenue in Europe, Middle East, Africa and Asia Pacific rose 14% to $422 million.
The company’s shares were down 1.2% at 2,182 pence in early trade. (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Bernard Orr and Shounak Dasgupta)