Comprehensive reporting will drive Veda's earnings growth through FY15 and FY16
Comprehensive reporting will drive Veda's earnings growth through FY15 and FY16. Hyperion Asset Management recently bought a stake in Veda, post IPO (ASX: VED). Justin Woerner, Portfolio Manager says Veda is the largest provider of commercial and consumer credit data in Australia and New Zealand. It has built a strong competitive advantage through the establishment of a database of over 20m customer and 6m business records collected over a 46 year period. It is embedding itself within its client workflow systems which is translating into more recurring earnings. The introduction of more comprehensive reporting, which was introduced this month will drive earnings growth through FY15 and FY16.