Tmx Group Ltd. (TSE:X) has released an update.
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TMX Group Limited has reported a strong start to 2024 with a significant 16% increase in revenue and a notable 56% rise in diluted earnings per share from the previous year’s first quarter, partly due to the acquisition of VettaFi. Despite challenges in capital markets, organic revenue grew by 3%, and the firm saw a steady 1% rise in income from operations, thanks to recurring revenue growth and cost management. Reflecting confidence in the company’s financial health and cash flow generation, TMX Group’s Board has raised the quarterly dividend by 6%.
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