---
title: "Nasdaq Q1 Revenues Fall By 4.0 Percent On Annual Basis"
date: "2015-04-23 14:40:01"
author: "DHA"
tags: "İstanbul"
canonical_url: "https://www.mynet.com/nasdaq-q1-revenues-fall-by-40-percent-on-annual-basis-180101783701"
original_url: "https://www.mynet.com/nasdaq-q1-revenues-fall-by-40-percent-on-annual-basis-180101783701"
---
# Nasdaq Q1 Revenues Fall By 4.0 Percent On Annual Basis
\- Nasdaq Group reported 507 million dollars net revenues in the first quarter, down 4.0 percent year-over-year, driven primarily by a 29 million dollars negative impact from foreign exchange rates, tha company said in a statement released on Thursday.
On an organic basis, excluding the impact of foreign exchange rates and acquisitions, first quarter net revenues were unchanged, as 3.0 percent organic growth in the non-trading segments was offset by declines in Market Services, largely due to lower volumes.
"Nasdaq has delivered strong results in what remains a challenging and competitive operating environment" said Bob Greifeld, Nasdaq CEO. "The diversity of our business, coupled with a balanced approach to investment and capital return, bolsters confidence in the flexibility of our model to continue to deliver for our clients and our shareholders."
"We had a tremendous start to 2015 including the acquisition of Dorsey, Wright and Associates, the announcement of a new energy futures platform, continued leadership in IPOs, new market structure initiatives and a range of product introductions across our businesses" Greifeld added. "We remain focused on executing on the company's opportunity set by deepening our client relationships through our broad product and service offerings, enhancing our competitive position by efficiently leveraging our technology and increasing the yield on recent investments to enhance returns for our shareholders."
"Continued organic growth in the non-transactional businesses and ongoing application of Nasdaq's hallmark expense discipline offset foreign exchange headwinds and helped deliver near-record non-GAAP earnings for our shareholders," said Nasdaq CFO Lee Shavel. "The stable nature of our financial model produces strong cash flows and supports our decision to substantially increase Nasdaq's dividend, emphasizing a significant income dimension to shareholders while still allowing sufficient financial flexibility to reinvest cash flow when opportunities emerge to generate attractive returns."
Nasdaq Group and Borsa Istanbul had signed wide-ranging agreement in 2013, which includes the delivery of market-leading technologies and advisory services to Borsa Istanbul, and Nasdaq taking an equity stake in Borsa Istanbul.
Key aspects of the agreement include the provision of Nasdaq's most advanced and complete selection of market technology solutions and advisory services, based on the globally market-leading Genium INET suite and all associated platforms and applications, with regional resell rights and also eventual self-sufficiency for Borsa Istanbul.
