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February 12, 2016 8:02 AM ET

Diversified Financial Services

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

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 Fourth Quarter and Year Ended December 31, 2015

Markit Ltd. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, revenue was $291.5 million against $271.4 million a year ago. Operating profit was $76.9 million against $45.4 million a year ago. Profit before income tax was $66.5 million against $35.4 million a year ago. Profit attributable to owners of the parent was $46.5 million against $15.7 million a year ago. Earnings per share, diluted were $0.25 against $0.08 a year ago. Adjusted diluted earnings per share were $0.37 against $0.37 a year ago. Adjusted EBITDA was $131.8 million against $124.7 million a year ago. Adjusted Earnings were $68.8 million against $69.1 million a year ago. For the year, revenue was $1,113.4 million against $1,065.1 million a year ago. Operating profit was $252.3 million against $243.4 million a year ago. Profit before income tax was $222.1 million against $220.6 million a year ago. Profit attributable to owners of the parent was $152.5 million against $165.2 million a year ago. Earnings per share, diluted were $0.80 against $0.90 a year ago. Net cash generated from operating activities was $405.6 million against $369.9 million a year ago. Purchases of property, plant and equipment was $16.6 million against $23.5 million a year ago. Purchases of intangible assets were $100.5 against $101.4 million a year ago. Adjusted diluted earnings per share were $1.44 was $1.51 a year ago. Adjusted EBITDA was $496.9 million against $488.2 million a year ago. Adjusted earnings were $273.9 million against $279.0 million a year ago.

Markit Secures New Customers for its Know Your Third Party Platform

Markit announced it has secured new customer wins for its Know Your Third Party (KY3P) platform. They include BlueBay Asset Management, Luxoft, and Loomis, Sayles & Company. KY3P enables organizations to simplify and standardise third party risk management processes with a focus on vendor due diligence and ongoing monitoring. Through the centralised data hub, banks, buyside firms and third parties can remove duplicative processes, manage due diligence information and effectively manage and respond to industry events such as cybersecurity threats.

Markit Ltd. to Report Q4, 2015 Results on Feb 10, 2016

Markit Ltd. announced that they will report Q4, 2015 results at 7:00 AM, US Eastern Standard Time on Feb 10, 2016

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