- Quarterly revenue of $101.2 million, up 15% over Q1/06
- Diluted earnings per share of 53 cents for Q1/07, versus 50 cents in Q1/06
- Q1/07 net income of $36.4 million, up 5% over Q1/06
- Cash flows from operating activities in Q1/07 of $69.3 million, up 21% over Q1/06
TSX Group Inc. [TSX:X] announced results for the first quarter ended March 31, 2007:
(in millions of dollars, except per share amounts)
| Q1/07 | Q1/06 | Increase | % increase | |
| Revenue | $ 101.2 | $ 88.0 | $ 13.2 | 15% |
| Expenses | $ 47.0 | $ 36.3 | $ 10.7 | 29% |
| Net income | $ 36.4 | $ 34.7 | $ 1.7 | 5% |
| Earnings per share: | ||||
| Basic | $ 0.53 | $ 0.51 | $ 0.02 | 4% |
| Diluted | $ 0.53 | $ 0.50 | $ 0.03 | 6% |
| Cash Flows from Operating Activities | $ 69.3 | $ 57.3 | $ 12.0 | 21% |
Richard Nesbitt, Chief Executive Officer of TSX Group, said, "The first quarter of 2007 was filled with a tremendous amount of activity. We once again delivered strong financial results, and we finalized the terms of the initiatives that we announced in March. Our alliance with the International Securities Exchange is an important building block as we move towards offering customers an integrated cash and derivatives market for trading multiple asset classes in North America in 2009. The arrangement with IntercontinentalExchange will bring together the strengths of the Natural Gas Exchange as a leading clearing facility with those of ICE. Both entities are focused on the delivery of world-class energy trading and clearing services to customers. As proven technology and market leaders, we are very pleased to be working with ISE and ICE.”
Commenting specifically on TSX Group's financial results for the first quarter of 2007, Michael Ptasznik, Chief Financial Officer, said, "Once again we saw strong revenue growth in the quarter over the corresponding period last year. Complementing the strong growth in market data and listing revenue was the contribution from our acquisitions of Shorcan and Scotia Capital’s+ fixed income indices, PC-Bond analytics applications and related data assets.”
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