Markit Ltd. (MRKT) Reports In-Line Q1 EPS; Approves $500M Buyback Plan, Files for Secondary Offering
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Markit Reports First Quarter 2015 Financial Results
May 13, 2015 7:00 AM EDTAnnounces $500 million share repurchase programme
LONDON & NEW YORK--(BUSINESS WIRE)-- Markit Ltd. (Nasdaq: MRKT), a leading global diversified provider of financial information services, today announced financial results under International Financial Reporting Standards (IFRS) for the first quarter ended March 31st 2015.
Financial highlights in first quarter 2015
Revenue increased 4.7% to $271.5 million from first quarter 2014, or 8.2% on a constant currency basis Organic revenue growth was 6.1% driven by growth across Information (+6.3%) and Solutions (+14.4%) with acquisition related revenue growth of 2.1% Adjusted EBITDA grew 3.4% to $120.7 million from first quarter 2014 and... More