Nasdaq, Inc. (Nasdaq: NDAQ), a leading financial services company that operates stock exchanges, on Tuesday, announced operating results for the first quarter of 2023.
- First-quarter net revenues increased by 2% to $914 million from $892 million in the prior year period
- Annualized recurring revenue advanced by 7% annually to $2.04 billion; annualized SaaS revenues were up 11%
- Net income attributable to Nasdaq rose to $302 million or $0.61 per share from $284 million or $0.57 per share last year
- The company returned $257 million to shareholders during the three-month period, comprising $159 million of share repurchases and $98 million of dividends
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