Nasdaq Sees $19 million YoY Increase in Revenues in Q2

Nasdaq, a Stock exchange operator, released its second quarter financial results on Wednesday. Looking at the results, the company saw overall growth year-over-year, with market services contributing the most to the increase.

According to the report, net revenues for the second quarter of 2018 was $615 million. This was a three percent increase compared to the second quarter of 2017. The increase in revenue was a result of organic revenue growth, the positive impact from changes in FX and revenue reduction. For revenue, market services contributed to 39 percent of the total net revenues. For the segment, earnings came in at $237 million this is up $15 million, or seven percent, from the same period last year.

During the second quarter, the New-York based exchange operator finished the divestiture of its Public Relations Solutions and Digital Media Services businesses. According to the statement, this was a key step in the company’s strategy to maximize its opportunities as a capital markets technology and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term provider. As a result, the revenues were partially offset by a $27 million net negative impact.

Fixed income and commodities trading and clearing revenues were also up year-on-year. For the second quarter, revenues for the segment came in at $21 million, up by $2 million. From this $1 million was organic growth due to higher NFX (neutral foreign exchange) net revenues. The other $1 million was from changes in Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term rates.

Revenues from brokerage, clearance, and exchange fees were also up year-over-year. For the second quarter, revenue was $104 million. This is an increase of 9.6 percent from the same period last year, which had a revenue of $94 million.

Nasdaq sees “strong organic growth”

Commenting on the results, Adena Friedman, President and CEO, Nasdaq said: “I am pleased to see another period of strong organic growth in the second quarter of 2018, in particular the portion of that growth sourced from expanding the ways we serve our clients."

“Additionally, we are continuing to build for the future by strategically repositioning the company, as demonstrated by the completion of our business divestiture in April and our continued organic investments to implement the Nasdaq Financial Framework technology offering and advance our information services businesses."

In the second quarter of this year, the company’s GAAP diluted earnings per share were $0.97. This is compared to $0.87 in the second quarter of 2017. Non- GAAP diluted earnings per share, on the other hand, was $1.18. This is an increase of 17 percent year-on-year.