Markit Reports Q3 2015 Metrics, Revenues Orchestrate YoY Advance

Markit Ltd. (Nasdaq:MRKT), a global provider of financial information services, has announced its Q3 2015 financial metrics ending September 30, 2015, according to a Markit statement.

For Q3 2015, Markit saw its revenues climb to $277.3 million, up 2.8% YoY from $269.7 million in Q3 2014. Year-to-date (YTD), the story is largely similar, having ascended to $821.9 million for the first nine months of the fiscal year, representing a jump of 3.6% YoY from $793.7 million over the same period in 2014.

In addition, the group saw operating expenses come in at $149.7 million in Q3 2015, constituting a 5.0% rise YoY from just $142.6 million in Q3 2014. By extension, Markit’s operating expenses as a percentage of revenue, increased to 54.0% during Q3 2015, slightly up from 52.9% in Q3 2014.

Finally, Markit’s adjusted EBITDA was reported at $123.5 million for Q3 2015, down - 2.6% YoY from $126.8 million in Q3 2014.

Last month, Markit made headlines after it has launched its cloud-based Know Your Third Party (KY3P) service. KY3P is delivered as a comprehensive software service that is hosted by the Dell Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term Dedicated Service platform – it includes such utilities as managed infrastructure and applications services. KY3P represents Markit’s first centralized, cloud-based data hub and will aim to help streamline third party Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term processes with an emphasis on vendors and extant monitoring.

Markit’s (Nasdaq:MRKT) share prices have been pointed higher since Q2 this year, when the group initiated a new public offering that saw over 24 million common shares for sale, as well as nearly 1.7 million additional common shares from the selling shareholders. At the time of writing, Markit’s stock has ascended to $30.02 ahead of the US open Tuesday, still below a 52-week high of $30.87.