Nasdaq Inc (NASDAQ:NDAQ) shares are trading higher by around 4% after the company reported Q3 FY23 results.
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 view of $0.68.
Repurchase: As of September 30, 2023, the company had $2.0 billion worth of shares remaining under the authorized repurchase program, following an approval by the board of directors in September 2023 to increase the program to an aggregate of $2.0 billion.
Price Action: NDAQ shares are up 4.35% at $52.10 on the last check Wednesday.
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