Recent Acquisitions Boost Nasdaq 4Q Profit

Published February 05, 2014

| Reuters

Transatlantic exchange operator Nasdaq OMX Group Inc (NDAQ) on Wednesday reported a higher fourth-quarter profit, helped by increased revenue from recent acquisitions.

Net income attributable to Nasdaq totaled $141 million, or 81 cents per share, up from $85 million, or 50 cents per share, a year earlier.

Not including one-time items, the New York-based company earned 69 cents per share, topping the consensus of analysts by 2 cents, according to Thomson Reuters I/B/E/S.

Revenue rose 23 percent to $520 million.

Nasdaq last year closed a $390 million deal to buy Thomson Reuters Corp's <TRI.TO> investor relations, public relations and multimedia services businesses.

It also financed a $750 million deal to buy eSpeed, the electronic Treasuries-trading platform, from BGC Partners Inc <BGCP.O>, giving it a foothold in fixed income.

Market services revenues, which include derivatives, cash equities, fixed income and access and broker services, rose 9 percent to $204 million.

Technology solutions revenues, which include corporate solutions and market technology, rose 89 percent to $149, helped by the Thomson Reuters deal.

Information services revenues, which include market data and index licensing and services, rose 10 percent to $109 million.

Listing services revenues were up 2 percent to $58 million.

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