Equifax Inc. (NYSE:EFX) Q4 2022 Earnings Call Transcript

Andy Grobler: I suppose that’s the question. In terms of your incremental savings on that longer-term plan. How much is baked into this year’s guide?

Mark Begor: Yes. We haven’t broken that out as a part of our conversation this morning. We really just highlighted that, obviously, it’s a sizable number. It’s going to have a very positive impact on the company, and its — there’s an incremental piece to the accelerated cloud savings.

Andy Grobler: Okay. Thank you. And if I may, just one more. Just from the EWS perspective, when you’re having discussions with clients and data providers, now that there is a fairly determined competitor in play, are those conversations changing at all?

Mark Begor: They’re not. We still have a very effective ability to add new relationships. I think we talked about adding 10 that will come online this year during 2023. And we have the scale of workforce solutions, the scale of their technology, the scale of our security and capabilities and the longevity we’ve had in the business. So we’ve been in this business for over a decade, and then the ability to deliver a rev share immediately at scale for those records from a partner gives us a lot of power to continue to grow our record base. And there’s a long runway in front of us of records that we’ll be adding to the TWN data set.

Andy Grobler: Okay. Thank you very much.

Operator: Thank you. There are no further questions at this time. I would now like to hand the call back over to Trevor Burns for any closing comments.

Trevor Burns: Thanks for everybody’s time today. And if you have any questions, you can reach out to me and Sam. We’ll be around, and have a great day.

Operator: Thank you. This does conclude today’s teleconference. We appreciate your participation. You may disconnect your lines at this time, and enjoy the rest of your day.