Markit Reports Solid Q1 2016 Metrics Amid Challenging Market Conditions

[kreslik.news]

Markit Ltd. (Nasdaq:MRKT), a provider of financial information services, has announced its financial metrics for Q1 2016. The group reported mainly solid operating results, including a rise in revenues, helping the company secure QoQ growth in spite of challenging market conditions.

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Revenue

For Q1 2016, Markit saw its revenues increase by $16.3 million to $287.8 million, up 6 percent QoQ from $271.5 million in Q1 2015. Organic revenue growth was $2.7 million, or 1 percent from Q1 2015. ... (read more)