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August 28, 2015 6:53 PM ET

Media

Company Overview of Markit Ltd.

Company Overview

Markit Ltd. provides financial information services worldwide. It operates through three divisions: Information, Processing, and Solutions. The Information division provides pricing and reference data, indices, and valuation and trading services across multiple asset classes and geographies through direct and third-party distribution channels. Its products and services are used for independent valuations, research, trading, and liquidity and risk assessments. The Processing division offers trade processing solutions for over-the-counter derivatives, foreign exchange, and syndicated loans. The Solutions division provides configurable enterprise software platforms, managed services, and hosted...

Ropemaker Place

4th Floor

25 Ropemaker Street

London,  EC2Y 9LY

United Kingdom

Founded in 2003

4,000 Employees

Phone:

44 20 7260 2000

Key Executives for Markit Ltd.

Markit Ltd. does not have any Key Executives recorded.

Markit Ltd. Key Developments

Markit Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Markit Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $273.1 million against $264.6 million a year ago. Operating profit was $73.5 million against $42.9 million a year ago. Profit before income tax was $67.1 million against $39.0 million a year ago. Profit attributable to owners of the parent was $44.5 million or $0.23 diluted per share against $29.4 million or $0.16 diluted per share a year ago. Adjusted EBITDA was $120.9 million against $120.0 million a year ago. Adjusted earnings were $68.4 million or $0.36 diluted per share against $68.3 million or $0.37 diluted per share a year ago. Adjusted EBITDA increased by $0.9 million, or 0.8% against the three months ended June 30, 2014. This growth was driven by the Solutions and Information segments, offset by a decrease in the Processing segment, and reflects operating performance. Adjusted earnings increased $0.1 million, or 0.1%, against the three months ended June 30, 2014. This reflects the business performance. Adjusted earnings per share, diluted, reflects increased dilution from a higher, post-IPO share price and the impact of share option exercises since June 30, 2014. For the six months, the company reported revenue of $544.6 million against $524.0 million a year ago. Operating profit was $155.5 million against $102.7 million a year ago. Profit before income tax was $142.4 million against $94.4 million a year ago. Profit attributable to owners of the parent was $99.3 million or $0.52 diluted per share against $69.2 million or $0.38 diluted per share a year ago. Net cash generated from operating activities was $197.9 million against $128.7 million a year ago. Purchases of property, plant and equipment were $8.6 million against $15.0 million a year ago. Purchases of intangible assets were $55.0 million against $48.7 million a year ago. Adjusted EBITDA was $241.6 million against $236.7 million a year ago. Adjusted earnings were $136.9 million or $0.722 diluted per share against $141.2 million or $0.78 diluted per share a year ago.

Markit Ltd. to Report Q2, 2015 Results on Aug 12, 2015

Markit Ltd. announced that they will report Q2, 2015 results at 7:00 AM, Eastern Daylight on Aug 12, 2015

Markit Ltd., Q2 2015 Earnings Call, Aug 12, 2015

Markit Ltd., Q2 2015 Earnings Call, Aug 12, 2015

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