July 24, 2019 / 11:07 AM / 4 months ago

Nasdaq quarterly profit rises 7.4%

July 24 (Reuters) - U.S. exchange operator Nasdaq Inc reported a 7.4% rise in second-quarter profit on Wednesday, boosted by growth in its non-trading businesses including information services.

Net income attributable to Nasdaq rose to $174 million, or $1.04 per share, in the second quarter ended June 30, from $162 million, or 97 cents per share, a year earlier. [reut.rs/2Z7cJV7 ]

Revenue at the company's market services unit, its biggest business, fell about 4% to $227 million, while revenue from its information services unit jumped about 11% to $194 million.

Revenue, excluding transaction-based expenses, rose 1.3% to $623 million. (Reporting by Bharath Manjesh in Bengaluru Editing by Saumyadeb Chakrabarty)

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