TransUnion TRU shares are trading higher on Wednesday after the company announced the next step in its transformation program to reduce costs, accelerate innovation and drive growth.
What To Know: As part of its plan to enhance its operating model and further its market-leading technology, TransUnion intends to transition more roles to its Global Capability Centers (GCCs), with the goal of increasing productivity, lowering costs and funding growth. Also, the company will utilize Neustar's cloud-native technology to develop its next-generation integrated data management, identity resolution, analytics and delivery platform. In addition to lowering costs, the company estimates that these actions will stimulate innovation and promote organic growth.
TransUnion anticipates that the transformation program will yield $120 to $140 million in annualized operating expense savings, in addition to a $70 to $80 million capital expenditure reduction in 2026 compared to 2023 levels.
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TRU Price Action: Shares of TRU were up 2.59% at $57.49 at the time of publication, according to Benzinga Pro.
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