Markit Ltd. (MRKT) Tops Q2 EPS by 1c

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Markit Reports Second Quarter 2015 Financial Results

August 12, 2015 7:00 AM EDT

LONDON & NEW YORK & SINGAPORE--(BUSINESS WIRE)-- Markit Ltd. (Nasdaq: MRKT), a leading global provider of financial information services, today announced financial results under International Financial Reporting Standards (IFRS) for the second quarter ended June 30th 2015.

Financial highlights

Revenue increased 6.7% on a constant currency basis from second quarter 2014 Organic revenue growth was 5.1% driven by growth across Information and Solutions, which included a 2.5% decrease in our Processing segment Adjusted EBITDA margin was 44.6% while Adjusted earnings per share, diluted was $0.36 $650 million secondary offering of common shares... More

Markit to Acquire CoreOne Technologies

August 12, 2015 6:50 AM EDT

Strengthens our regulatory reporting, index management and data management services; extends our capabilities into prime brokerage

LONDON & NEW YORK & SINGAPORE--(BUSINESS WIRE)-- Markit (Nasdaq: MRKT), a provider of financial information services, today announced that it has agreed to acquire CoreOne Technologies, a global leading provider of regulatory reporting, index management, data management and prime brokerage services to financial institutions.

Lance Uggla, chairman and chief executive officer of Markit, said: CoreOne is a great fit for Markit. Im delighted to announce our acquisition of a highly regarded company with... More