NEW YORK (TheStreet) -- Shares of Equifax (EFX) - Get Report are up by 0.35% to $133.96 on Friday morning, as the company's second quarter 2016 earnings results, which were released on Thursday, revealed it is on track for its eighth positive year.
Equifax CEO Rick Smith thinks the company's growth has been driven by its transformation to target the international market.
"Back 10 years ago, roughly 85% of all revenue was selling credit reports in America. Today that number is less than 35% of our revenue. We've globalized the business," Smith said on CNBC's "Squawk Box."
After beating expectations last quarter, Smith is looking to build more analytic platforms to continue the Equifax's innovation.
"We're now building ... 50 to 75 new products every single year that we never built before, solving problems for customers that we couldn't solve before. What that's done is added about four points of incremental organic growth to our company each and every year," Smith noted.
Global volatility, especially in Latin America, is a concern for Smith but he says that Equifax is "still growing nicely" despite risks.
"Our Latin American business once again on constant currency growth, some 13% of solid growth," Smith added.
Separately, TheStreet Ratings team rates Equifax as a "buy" with a ratings score of A+.
This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that TheStreet rates. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance. TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: EFX