Nasdaq reports strong Q2 earnings with revenue growth, focuses on integration, innovation, and growth acceleration.

From Nasdaq: 2024-08-07 09:00:00

Nasdaq reported strong second quarter 2024 earnings with revenue growth across all three divisions, reaching pro forma ARR growth of 7% and double-digit growth in Solutions. Nasdaq’s progress on strategic priorities of Integrate, Innovate, and Accelerate contributed to these results, showcasing the company’s transformation into a technology powerhouse.

In terms of integration, Nasdaq successfully integrated AxiomSL and Calypso into its Financial Technology division, reaching more than 70% of net expense synergies. Focusing on cost synergy and deleveraging targets, Nasdaq surpassed milestones ahead of plan, highlighting the company’s efficiency and effectiveness in executing strategies for growth.

Nasdaq emphasizes innovation, leveraging cloud technology and AI across its business and products. By investing in cloud infrastructure over a decade ago, Nasdaq is positioned to drive technology innovation, introducing AI-powered solutions like Dynamic M-ELO. The company has made significant progress in deploying AI tools to enhance employee productivity and improve client solutions.

Looking ahead, Nasdaq plans to accelerate growth by activating its divisional structure and leveraging a One Nasdaq strategy. With the acquisition of Adenza, Nasdaq aims to achieve at least $100 million in incremental revenue by 2027 through cross-sell opportunities. Early cross-sell traction demonstrates the value Nasdaq brings as a strategic partner, solving complex challenges for clients and driving growth momentum.



Read more at Nasdaq:: Nasdaq’s Strong Second Quarter Financial Results Reflect Progress on 2024 Strategic Priorities