Nasdaq, Inc Clocked Q4 Annualized Recurring Revenue (ARR) of $2.6B, up by 29% YoY
Portfolio Pulse from Benzinga Newsdesk
Nasdaq, Inc reported a 29% year-over-year increase in Annualized Recurring Revenue (ARR) to $2.6 billion for Q4. The organic growth component was 6%. Annualized SaaS revenues grew by 26%, or 12% organically, and constituted 35% of ARR, or 38% excluding Adenza.
January 31, 2024 | 12:08 pm
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POSITIVE IMPACT
Nasdaq, Inc's Q4 ARR increased significantly by 29% YoY, indicating strong revenue growth, particularly in SaaS, which could positively influence investor sentiment.
The substantial increase in ARR and SaaS revenues for Nasdaq, Inc suggests a solid financial performance and growth in a key sector (SaaS), which is likely to be viewed positively by investors. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100