Financial circles are abuzz with Q2 results from all corners. Similarly, Intercontinental Exchange (ICE), a global leader in the provision of data, technology, and market infrastructure, published its second-quarter financials on Thursday. The Atalanta-based company, which owns the New York Stock Exchange along with other markets, topped Wallstreet expectations with earnings of $1.43 per share as opposed to the predicted $1.37 per share.
Intercontinental Exchange starts H2 2023 on a high
It also reported a consolidated net income of $799m and revenue of $2.34bn for the period ending 30 June 2023. Intercontinental Exchange’s adjusted revenue totalled $1.89bn, on par with Wallstreet speculations.
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Other notable figures include the $955m consolidated operating income and operating margin of 51%, with adjusted values of $1.1bn and 61% respectively. As of 30 June 2023, outstanding debt amounted to $18.1bn.
Jeffery Sprecher Source: ICE
The ICE Chair and Chief Executive Officer, Jeffrey C. Sprecher, expressed satisfaction with the earnings per share growth. He said:
We are pleased to report our second quarter results, which were highlighted by another quarter of revenue and earnings per share growth. Amidst an uncertain macro environment, customers continue to access our networks to manage risk, consume data and drive workflow efficiencies. As we look to the second half of the year and beyond, we remain focused on driving innovation, helping to serve our customers’ risk management needs and delivering value to our stockholders.
Warren Gardiner, the ICE chief financial officer, shared this sentiment and emphasised the organisation’s intent to continue focusing on strategic investment to grow value.
