Report
Kunaal Malde, CFA

Another strong quarter

Q2 revenue / adjusted EPS were 4% / 3% ahead of consensus respectively. Having closed three acquisitions in Q2, including Callcredit, TransUnion's updated CY18 guidance was expected to be increased above consensus. But importantly, underlying momentum also remains strong - the company sustained organic constant currency revenue growth at 14% despite a 1pp tougher comp in Q2.
Underlying
TransUnion

TransUnion is an information and insights company. The company provides consumer reports, actionable insights and analytics such as credit and other scores, and decisioning capabilities to businesses. The company has the following reportable segments: United States Markets, which provides consumer reports, actionable insights and analytics such as credit and other scores, and decisioning capabilities to businesses; International, which provides services similar to its United States Markets segment to businesses in select regions outside the United States; and Consumer Interactive, which provides solutions that help consumers manage their personal finances and take precautions against identity theft.

Provider
Atlantic Equities
Atlantic Equities

Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.

Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.

Analysts
Kunaal Malde, CFA

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