LSEG Posts Solid Earnings Growth in H1 2022 – Financial Magnates | Omd Cialis

The London Stock Exchange Group (LSEG) published its interim results for the first half of 2022 (H1 2022) on Friday. LSEG experienced strong growth in all major business segments during the period as total revenue and gross profit increased significantly.

Total revenue, including recoveries, for the first half of 2022 was £3,735m. Gross profit, on the other hand, reached £3,231 million compared to £2,626 in H1 2021. According to data from LSEG, pro forma AEPS rose by around 21% over the period.

“LSEG has delivered a strong first half performance with continued revenue growth across all of our businesses. We are managing costs well and making further progress in achieving synergies. We provide solutions to solve critical problems for our clients with a high percentage of recurring subscription revenue and structurally growing transactional revenue that is benefiting from volatility,” commented David Schwimmer, Chief Executive Officer at LSEG.

In the first half of 2022, the London Stock Exchange Group has significantly expanded its global footprint through the acquisition of several technology companies. In May 2022, the company agreed to acquire MayStreet, a provider of market data solutions. In February of this year, LSEG announced its plan to acquire TORA, a leading cloud-based technology provider that helps clients trade multiple asset classes on global markets, in a deal worth US$325 million.

key business areas

LSEG saw strong growth in key business areas such as Data & Analytics, Capital Markets and Post Trade. Revenue related to Data & Analytics reached £2,354 million.

“Our cash generation allows us to actively allocate capital to organic and inorganic investments, to increase our dividend and to launch a share buyback program, all of which further enhances value for our shareholders. We are successfully executing our strategy, going well into the second half and our goals remain the same,” Schwimmer added in the announcement.

The London Stock Exchange Group (LSEG) published its interim results for the first half of 2022 (H1 2022) on Friday. LSEG experienced strong growth in all major business segments during the period as total revenue and gross profit increased significantly.

Total revenue, including recoveries, for the first half of 2022 was £3,735m. Gross profit, on the other hand, reached £3,231 million compared to £2,626 in H1 2021. According to data from LSEG, pro forma AEPS rose by around 21% over the period.

“LSEG has delivered a strong first half performance with continued revenue growth across all of our businesses. We are managing costs well and making further progress in achieving synergies. We provide solutions to solve critical problems for our clients with a high percentage of recurring subscription revenue and structurally growing transactional revenue that is benefiting from volatility,” commented David Schwimmer, Chief Executive Officer at LSEG.

In the first half of 2022, the London Stock Exchange Group has significantly expanded its global footprint through the acquisition of several technology companies. In May 2022, the company agreed to acquire MayStreet, a provider of market data solutions. In February of this year, LSEG announced its plan to acquire TORA, a leading cloud-based technology provider that helps clients trade multiple asset classes on global markets, in a deal worth US$325 million.

key business areas

LSEG saw strong growth in key business areas such as Data & Analytics, Capital Markets and Post Trade. Revenue related to Data & Analytics reached £2,354 million.

“Our cash generation allows us to actively allocate capital to organic and inorganic investments, to increase our dividend and to launch a share buyback program, all of which further enhances value for our shareholders. We are successfully executing our strategy, going well into the second half and our goals remain the same,” Schwimmer added in the announcement.

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