NDAQ - Why Nasdaq Shares Are Rising Today | Benzinga
Nasdaq Inc (NASDAQ: NDAQ) shares are trading higher by around 4% after the company reported Q3 FY23 results.
Revenue increased 6% Y/Y to $940 million, beating the consensus of $930.25 million.
Solutions businesses revenues were $694 million in Q3, an increase of 9% Y/Y, while Trading Services net revenues were $236 million, down by 1% Y/Y.
Annualized Recurring Revenue (ARR) increased 6% Y/Y, while annualized SaaS revenues rose 11% Y/Y in the quarter.
Adjusted operating expenses rose 8% Y/Y, while adjusted operating margin contracted to 52% from 53% a year ago.
Adjusted EPS of $0.71 per share, up 4% Y/Y, beat the Street ...