London Stock Exchange Group PLC (LSE.LN) stated Wednesday its first-quarter income and gross profit rose, pushed by progress in its info and post-trade providers models.
The change operator made a gross profit of 490 million kilos ($637 million) for the three months to March 31, up 6% from the year-earlier interval, or four% in fixed foreign money.
Revenue rose three% to GBP486 million, or 2% in fixed foreign money. Total revenue rose 5% to GBP546 million.
Information Services income climbed to GBP214 million from GBP201 million, rising three% in fixed foreign money. Revenue on the LCH clearing unit, a part of the Post Trade enterprise, rose 14% to GBP134 million.
“We are investing in and growing our Information Services business, including developing our multi-asset and data and analytics offering. While equity markets were slower due to macroeconomic uncertainty, we have seen an improved listing environment in 2Q,” Chief Executive David Schwimmer stated.