Equifax 2011 Annual Report Download - page 16

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RESULTS OF OPERATIONS —
TWELVE MONTHS ENDED DECEMBER 31, 2011, 2010 AND 2009
Consolidated Financial Results
Operating Revenue
Operating Revenue Twelve Months Ended December 31, Change
2011 vs. 2010 2010 vs. 2009
(Dollars in millions) 2011 2010 2009 $ % $ %
U.S. Consumer Information Solutions $ 792.6 $ 743.0 $ 712.2 $ 49.6 7% $ 30.8 4%
International 492.9 482.8 438.6 10.1 2% 44.2 10%
TALX Workforce Solutions 404.3 395.6 346.4 8.7 2% 49.2 14%
North America Personal Solutions 180.7 157.6 149.0 23.1 15% 8.6 6%
North America Commercial Solutions 89.3 80.5 69.8 8.8 11% 10.7 15%
Consolidated operating revenue $1,959.8 $1,859.5 $1,716.0 $100.3 5% $143.5 8%
Revenue from continuing operations increased by 5% in 2011
compared to 2010. The deconsolidation of our Brazilian business,
which resulted from the merger of our business into BVS during the
second quarter of 2011, negatively impacted revenue by $48.7 mil-
lion, compared to the prior year, while all other revenue increased by
8% compared to 2010, primarily driven by strong execution of key
strategic initiatives across each of our businesses. The favorable
effect of foreign exchange rates, in locations other than Brazil, did not
have a material impact on revenue.
Revenue from continuing operations increased by 8% in 2010
compared to 2009. The favorable effect of foreign exchange rates
increased revenue by $24.1 million, or 1.4%, in 2010 compared to
the prior year period. Revenue grew over the prior year in each of our
operating segments, primarily driven by strong execution of key
strategic initiatives as well as growth contributed by 2009 acquisitions
in USCIS and TALX Workforce Solutions.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS continued
EQUIFAX 2011 ANNUAL REPORT
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