Welcome to our dedicated page for Nasdaq news (Ticker: NDAQ), a resource for investors and traders seeking the latest updates and insights on Nasdaq stock.
Nasdaq, Inc. (symbol: NDAQ) is a global technology company and a leading provider of capital market services, established in 1971. Initially known for its equity exchange, Nasdaq has evolved into a diversified technology provider that delivers solutions across multiple segments, including market services, information services, and corporate services.
Market Services: This segment represents approximately 35% of Nasdaq's revenue and includes trading, clearing, and market technology services. Nasdaq operates one of the world's largest electronic stock exchanges, facilitating efficient and reliable trading.
Information Services: Contributing about 30% of the company's sales, this segment offers market data, analytics, and Nasdaq-branded indexes to asset managers and investors, providing essential tools for informed decision-making.
Corporate Services: Accounting for 20% of revenue, Nasdaq's corporate services include listing services and investor relations products that support publicly traded companies in meeting their regulatory requirements and enhancing investor engagement.
Market Technology: Representing 15% of the firm's revenue, this segment delivers technology solutions that enable the operation of other exchanges around the world, as well as financial compliance services.
Recent Achievements: Nasdaq continues to be at the forefront of technological advancements, incorporating AI capabilities to support capital markets, thereby enhancing liquidity, transparency, and integrity in the financial ecosystem. The company is also involved in strategic partnerships, such as its recent collaboration with FIA Tech to improve data sharing and reduce systemic inefficiency in the global post-trade network.
With a strong commitment to innovation, Nasdaq has successfully transitioned from a U.S.-based equities exchange to a global leader in technology and information services. The company's diverse product offerings and client-centric approach enable businesses to optimize their operations and achieve their business goals with confidence.
Financial Overview: Nasdaq's financial performance has been robust, with consistent revenue growth driven by its diversified business model. The company's strategic investments and focus on scalability and efficiency have positioned it well for sustained growth and profitability.
For the latest updates, financial results, and developments, visit the Nasdaq Investor Relations website at http://ir.nasdaq.com.
The Board of Directors of Nasdaq has declared a quarterly dividend of $0.22 per share, marking a 10% increase from the previous quarter. This dividend is payable on June 30, 2023, to shareholders who are on record by June 16, 2023. Future declarations of dividends will depend on Board approval. Nasdaq is a global technology company that provides data, analytics, software, and services to capital markets and other industries, reflecting its commitment to client success.
Nasdaq reported a 2% increase in net revenues for Q1 2023, totaling $914 million, driven by a 4% rise in Solutions businesses. Annualized Recurring Revenue (ARR) grew by 7% to $2.035 billion, with SaaS revenues up 11%, now comprising 36% of ARR. Notably, Anti-Financial Crime revenue surged 17%. GAAP diluted EPS increased 7% to $0.61, while non-GAAP EPS rose 5% to $0.69. The company returned $257 million to shareholders through share repurchases and dividends. Nasdaq signed significant clients for its fraud detection solutions, including a Tier 1 global bank. Additionally, it plans to continue cloud migration and has updated its non-GAAP operating expense guidance for 2023 to $1.78-$1.84 billion.
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