NEW YORK, July 24 (Reuters) - Transatlantic exchange operator Nasdaq OMX Group Inc NDAQ.O on Thursday reported a higher second-quarter profit, as it absorbed recent acquisitions and revenue increased across its business units. Net income attributable to Nasdaq totaled $101 million, or 59 cents per share, up from $88 million, or 52 cents per share, a year earlier. Excluding one-time items for acquisitions, the New York-based company earned 70 cents per share, beating the analysts average estimate by 2 cents, according to Thomson Reuters I/B/E/S. Revenue rose 16 percent to $523 million despite a low-volume trading environment. Non-transaction based revenue increased 19 percent and made up 74 percent of Nasdaqs net total. Last year Nasdaq closed a $390 million deal to buy Thomson Reuters Corps TRI.TO investor relations, public relations and multimedia services businesses. It also financed its $750 million purchase of eSpeed, the electronic Treasuries-trading platform, from BGC Partners Inc BGCP.O , a deal giving it a foothold in fixed income. Nasdaq said it had paid down $100 million of debt in the second quarter, reaching its long-term leverage target. The company also resumed its share buyback program, purchasing $93 million of stock during the period. Market services revenue, which includes derivatives, cash equities, fixed income and access and broker services, rose 6.3 percent to $202 million. Technology solutions revenue, including corporate solutions and market technology, rose 43.8 percent to $138 million, helped by the Thomson Reuters deal. Information services revenue, which includes market data and index licensing and services, rose 15 percent to $123 million. Listing services revenues were up 3.4 percent at $60 million.
Posted on: Thu, 24 Jul 2014 12:13:48 +0000
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