Strong Quarter for Financial Data Firm Despite Flat Earnings Per Share
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Revenue increased 5.6% year-over-year and 1.6% quarter-over-quarter to $940 million in Q3. EPS was flat at $0.60.
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Index revenue grew 15.2% year-over-year and 11.6% quarter-over-quarter to $144 million due to higher market valuations.
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Antifinancial crime revenue increased 20.8% year-over-year to $93 million, driven by 29% growth in Verafin.
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Verafin continues to expand to Tier 1 and Tier 2 banking clients, providing a strong growth runway.
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The author(s) do not own shares in any securities mentioned in the article.