Markit Reports Rising Q4 Revenue Stream Despite Higher Operating Costs
- Markit saw a steady climb in revenues despite mounting operating expenses, which were attributed to acquisitions and recurring investments.
Markit Ltd. (Nasdaq:MRKT), a global provider of financial information services, has reported its Q4 2015 financial metrics ending December 31, 2015 – the group saw a rise across key metrics, including its revenues, securing a QoQ growth to close out the fiscal year, according to a Markit statement.
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For Q4 2015, Markit saw its revenues climb to $291.5 million, up 5.1% QoQ from $277.3 million in Q3 2015. Over a yearly basis, Markit also saw rising revenues, which climbed 7.4% YoY from $271.4 million in Q4 2014.
In addition, the group saw operating expenses come in at $155.4 million in Q4 2015, reflective of a 3.8% growth QoQ from just $149.7 million in Q3 2015. By extension, Markit’s operating expenses in Q4 2015 also increased 11.4% YoY from $139.5 million in Q4 2014. The climb in operating expenses was attributed to acquisitions and recurring investments in new initiatives. Finally, Markit’s adjusted EBITDA was reported at $131.8 million for Q4 2015, up 6.7% QoQ from $123.5 million in Q3 2015 and 5.7% YoY from $124.7 million in Q4 2014.
Earlier this month, Markit made headlines after it acquired JPMorgan’s systems integration software and syndicated loan technology for use across both the buy and sell sides. In particular, the acquired software technology from JPMorgan will help streamline third party Connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term issues for market participants, ultimately shortening loan Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term timeframes and facilitating straight through processing (STP) of loan transactions.
Markit Ltd. (Nasdaq:MRKT), a global provider of financial information services, has reported its Q4 2015 financial metrics ending December 31, 2015 – the group saw a rise across key metrics, including its revenues, securing a QoQ growth to close out the fiscal year, according to a Markit statement.
Test your knowledge, win a prize! Take the Finance Magnates quiz...
For Q4 2015, Markit saw its revenues climb to $291.5 million, up 5.1% QoQ from $277.3 million in Q3 2015. Over a yearly basis, Markit also saw rising revenues, which climbed 7.4% YoY from $271.4 million in Q4 2014.
In addition, the group saw operating expenses come in at $155.4 million in Q4 2015, reflective of a 3.8% growth QoQ from just $149.7 million in Q3 2015. By extension, Markit’s operating expenses in Q4 2015 also increased 11.4% YoY from $139.5 million in Q4 2014. The climb in operating expenses was attributed to acquisitions and recurring investments in new initiatives. Finally, Markit’s adjusted EBITDA was reported at $131.8 million for Q4 2015, up 6.7% QoQ from $123.5 million in Q3 2015 and 5.7% YoY from $124.7 million in Q4 2014.
Earlier this month, Markit made headlines after it acquired JPMorgan’s systems integration software and syndicated loan technology for use across both the buy and sell sides. In particular, the acquired software technology from JPMorgan will help streamline third party Connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term issues for market participants, ultimately shortening loan Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term timeframes and facilitating straight through processing (STP) of loan transactions.