NDAQ - Nasdaq Inc. (NDAQ) Q1 2024 Earnings Call Transcript
2024-04-25 12:55:24 ET
Nasdaq, Inc. (NDAQ)
Q1 2024 Earnings Conference Call
April 25, 2024 08:00 AM ET
Company Participants
Ato Garrett - SVP, IR
Adena Friedman - Chair & CEO
Sarah Youngwood - EVP & CFO
Conference Call Participants
Owen Lau - Oppenheimer
Alexander Blostein - Goldman Sachs
Dan Fannon - Jefferies
Michael Cho - JPMorgan
Craig Siegenthaler - Bank of America
Benjamin Budish - Barclays
Simon Clinch - Redburn Atlantic
Kyle Voigt - KBW
Brian Bedell - Deutsche Bank
Michael Cyprys - Morgan Stanley
Presentation
Operator
Good day and thank you for standing by. Welcome to Nasdaq's First Quarter 2024 Results Conference call. At this time, all participants are in the listen-only mode. After the speakers’ presentation, there'll be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I'd now like to hand the conference over to your first speaker today to Ato Garrett, Senior Vice President, Investor Relations. Please go ahead.
Ato Garrett
Good morning everyone. And thank you for joining us today to discuss Nasdaq's First Quarter 2024 Financial Results. On the line are Adena Friedman, our Chair and Chief Executive Officer; Sarah Youngwood, our Chief Financial Officer; John Zecca, our Chief Legal Risk and Regulatory Officer, and other members of the management team. After prepared remarks, we'll open the line for Q&A.
The press release and earnings presentation are on our website. We intend to use the website as a means of disclosing material non-public information and complying with disclosure obligations under Regulation FD.
I would like to remind you that certain statements in this presentation and during Q&A may relate to future events and expectations and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from these projections. Information concerning factors that could cause actual results to differ from forward-looking statements is contained in our press release and periodic reports filed with the SEC.
Further, any references to organic growth will exclude the impact of changes in FX rates and the impact of acquisitions and divestitures, which this quarter is substantially all related to AxiomSL and Calypso. The financial results of these businesses are included in Solutions Revenue within the Financial Technology division. Also, please note that we will discuss certain financial results on a pro forma basis, which means that we are showing the results as if we included Calypso and AxiomSL results in the first quarter 2023 and excluded the impact of changes in FX rates.
Reconciliation of US GAAP to non-GAAP results can be found in our press release, as well as in a file located in the financial sections of our investor relations website at ir.nasdaq.com.
I will now turn the call over to Adena.
Adena Friedman
Thank you, Ato, and good morning, everyone. Thank you for joining us. Today my remarks will cover the following areas. Our outlook on the external environment, as well as highlights from our first quarter financial and operational performance, including innovation milestones and key progress updates in our Cross-Sell efforts and synergies. I will then turn the call over to Sarah for a review of our financial results....
Nasdaq, Inc. (NDAQ) Q1 2024 Earnings Call Transcript