Remind me
NEW YORK, July 22, 2020 (GLOBE NEWSWIRE) – Nasdaq, Inc. (Nasdaq: NDAQ) today released its economic effects for a quarter of 2020.
Net sales at the moment one quarter of 2020 were $6 million ninenin, an increase of $76 million, or 12%, of $623 million in the similar era last year. Net revenue reflects a positive influence of $50 million of biological expansion on the Market Services segment, a positive influence of $2 million of bio-expansion into ad-free segments and a $3 million design from the inclusion of acquisition revenue, larger friend compensation through $2 million of adverse influence of exposure rate replenishments.
“I am overly proud of the Nasdaq team and how we serve our consumers as we continue to sail the pandemic,” said Adena Friedman, President and CEO of Nasdaq. “Our core market positions demonstrate their resilience and the strength of a distributed network, an electronic market position model, which handles record volumes across multiple periods of immoderate volatility. We also provide investors with thematic index products and data analysis that allow them to navigate through the intellectual changes caused by closecurlyQuote’s pandemic and economic disruption. We continue to expand and evolve our generation consumers from market position to our cloud-based SaaS solutions, adding five new consumers at the time one quarter, providing a more flexible and scalable architecture to serve them in the years to come. While we continue to see short-term uncertainties in the commercial climate due to the influence of the pandemic and CloseCurlyQuote; s in the economy, we maintain corporations in our confidence and investment in our long-term strategy to create a more inclusive global economy through the generation of capital market position and the wisdom and concepts of market positioning experts. CloseCurlyDoubleQuote;
PCGEs or non-expenses were $38four million at the time of a 2020 quarter, a $17 million design of $367 million at the time of a 2019 quarter. The design of a larger friend reflects more according to reimbursement costs and more of the restructuring costs, more than a share compensation of friends through minimizing overhead, administrative and other expenses. and minimize marketing and advertising costs due to minimizing occasional costs. Minimizing overhead, administrative, and other expenses reflects minimizing debt termination costs and comparative apple expenses, the best compensation from friends through a willingness in charitable contributions.
Non-GAAP expenses were $327 million at the time of the 2020 quarter, a design of up to $5 million, or 2%, at the time of the 2019 quarter. This reflects a $7 million design due to the influence of In addition, acquisitions are consistent with reimbursement expenses, increased compensation from friends through minimizing overhead, administrative and other expenses, minimizing marketing and advertising costs, and a favorable influence on foreign currencies of $2 million.
“During the first quarter of 2020, we further strengthened the strength of our balance sheet with our successful issuance of $500 million 30-year bonds,” said Michael Ptasznik, Nasdaq’s executive vice president and chief financial officer. “We used the proceeds from this to additionally provide the transit coin mattress we set in the first quarter of 2020 to pay all of our ads in line with short-term loans in our revolver, and finally the period consistent with minimizing leverage even greater Cash availability. As the pandemic continues at the time one of the components of the year, we continue to invest in our infrastructure to meet the demand for h8 for us and emerge with the capital and resources needed to achieve our highest critical long-term opportunities.”
On a GAAP basis, net source of coins for the moment a quarter of 2020 $2four1 million, or $1.four5 diluted EPS, directly compared to $17four million, or $1.0four consistent with the diluted part, at the time a quarter of 2019.
On a non-GAAP basis, a net source of currencies for the time being a quarter of 2020 $256 million, or $1.5 four consistent with diluted shares, directly compared to $203 million, or $1.22 consisting of diluted shares, at the time a quarter of 2019.
As of June 30, 2020, the Compa had coins and coin equivalents of $711 million and a total debt of $3482 million, representing a net debt of $2771 million. This compares with a total debt of $3.387 million and a net debt of $3.0 five million as of December 31, 2019. As of June 30, 2020, $480 million remained under the board’s legal percentage reacquisition program.
UPDATED GUIDE TO EXPENSES AND TAXES NOT GAAP 2020
The Compabig apple reduced its forecast for non-GAAP scoring expenses by 2020 to a variety of $1330, totally $1360 million, its median unpositioned depressed business levels, minimizes expenses similar to events and delays in recruitment, larger friend compensation through unfavorable exposure rate movements. . The Nasdaq continues to expect its non-GAAP 2020 tax rate to be between 25.5% and 27.5%.
Company highlights
Commercial services (40% of total net income): Net revenue was $276 million at the time of the 2020 quarter, a provision of $4 nine million, or 22%, at the time of a 201 quarter of nine.
General Services (18% of total net income): Revenue was $126 million at the time of a quarter of 2020, an increase of $3 million, or 2%, from the time of a 2019 quarter.
Information services (30% of total net income): Revenue was $213 million at the time of a quarter of 2020, an increase of $1 nine million, or 10%, from the time of a 201 quarter nine.
Market technology (12% of total net revenue): Revenue was $8four million at the time of a quarter of 2020, an increase of $five million, or 6%, from the time of a 2019 quarter. The design was the best friend wholesale SaaS revenue tracking. Annualized recurring revenues of five, or ARR, totaled $268 million at the time of the 2020 quarter, an increase of 9% year-over-year.
Company highlights
About the NASDAQ
Nasdaq (Nasdaq: NDAQ) is a foreign-generated apple that serves economic markets and other sectors. Our diverse provision of data, analytics, software and enables consumers to optimize and execute their business vision with confidence. To learn more about the combined apple, generation responses, and career opportunities, visit us on LinkedIn, Twitter @Nasdaq or www.nasdaq.com.
NON-GAAP INFORMATION
In addition to discovering the latest effects we decided in accordance with the US GAAP, Nasdaq also discloses binding non-GAAP effects linked to adverse effects, including, but not limited to, a net source of non-GAAP coins in appreciation to Nasdaq, diluted earnings consistent with non-GAAP consistent percentage, non-GAAP or consistent with source of currencies in and not GAAP or consistent with overspending , which come with related changes or exclude linked expenses and related earnings described in the US GAAP and non-GAAP reconciliation table provided at the end of this press release. Management uses this non-GAAP data internally, in addition to U.S. GAAP data, to evaluate our functionality and make economic and inconsistent decisions. We believe that our presentation of the materials means investors with greater transparency and additional knowledge related to our economic position and result of inconsistencies. In addition, we consider that the presentation of these limits is favourable to investors when comparing the effects of a period consistent with a consistent period, since the parts described in the conciliation tables do not reflect inconsistent continuous functionality.
These measures do not appear to comply or do not appear to be an alterlocal to the US GAAP and may differ from non-GAAP measures used through other corporations. In addition, other corporations, adding corporations in our sector, could be calculated further because of these measures differently, reducing their usefulness as a comparative measure. Investors don’t have a single economic action from Apple to compare our business. This data preference should be an additional concept in nature and not be an alterlocal to our opescore classified ads in accordance with the US GAAP. We put investors before reviewing the US GAAP economic measures included in this earnings release. Considered in conjunction with our U.S. GAAP effects. And accompanying reconciliations, we believe that those non-GAAP measures generate greater transparency and a more absolute subprestigty of the criteria that affect our business than the U.S. GAAP ONLY measures.
Analysts and investors consistently have non-PCGA economic measures, such as a net source of non-GAGA currencies in appreciation to Nasdaq, diluted profits that are not GAGs consistent with stocks, are not GAGs, or are inconsistent with a non-GAGA currency source or inconsistent with expenses to assess or inconsistent with consistent ones. We use these measures because they more clearly highlight the effects on our business that cannot be obvious if we have only the US GAAP economic measures, as these measures eliminate explicit economic parts that revel in less influence on our current or consistent performance.
Currency influence: In countries with dollar currencies, the source of currencies and expenditures are changed using an average consistent with monthly exposure rates. Some discussions in this press release, further, due to the influence of year-to-year currency fluctuations to greater comparability of inconsistent effects with adverse effects between consistent periods. Inconsistent side effects that exclude the influence of foreign currency fluctuations are calculated beyond due by converting the result from providing a consistent period: CloseCurlyQuote; (s) through the exposure rates of the old consistent interval – CloseCurlyQuote; S.s.
DISCLOSURE OF THE WEBSITE
Nasdaq has a tendency to exploit its website, ir.nasdaq.com, as a means to discover the latest critical data and comply with the SEC FD Regulations and other disclosed obligations.
-NDAQF-
____________
Bac to the connection