Nasdaq to Hold Teach-In Regarding AxiomSL Revenue Recognition Change
Rhea-AI Summary
Nasdaq (NDAQ) has scheduled a teach-in on September 6, 2024, at 8:00 AM Eastern to discuss a change in the accounting treatment of revenues associated with AxiomSL on-premises subscription contracts. This change was previously mentioned during Nasdaq's Q2 earnings announcement, and the financial impacts remain consistent with earlier communications. CFO Sarah Youngwood and IRO Ato Garrett will lead the session, which will include prepared remarks followed by a Q&A with the investment community. The event will be accessible via webcast, with related materials available on Nasdaq's Investor Relations website. Additional materials will be posted on the IR website at approximately 7:00 AM Eastern on the day of the event.
Positive
- Transparency in communicating accounting changes to investors
- Consistency in financial impacts as previously communicated
Negative
- None.
News Market Reaction
On the day this news was published, NDAQ declined 1.98%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) has scheduled a teach-in to discuss a change to the accounting treatment of the revenues associated with AxiomSL on-premises subscription contracts. This change was previously referenced during Nasdaq’s second quarter earnings announcement and the financial impacts of the change are consistent with what was communicated at that time.
| WHO: | Nasdaq’s CFO, Sarah Youngwood, and Nasdaq’s IRO, Ato Garrett |
| WHAT: | Teach-in on AxiomSL on-premises subscription revenue recognition accounting change |
| WHEN: | Friday, September 6, 2024 |
| 8:00 AM Eastern | |
Nasdaq’s CFO and Investor Relations team will be available for questions from the investment community following prepared remarks.
All participants can access the conference via webcast and related materials through the Nasdaq Investor Relations website at: http://ir.nasdaq.com/.
Note: The press release and additional materials for this announcement will be posted on the Nasdaq Investor Relations website at http://ir.nasdaq.com/ on Friday, September 6, 2024, at approximately 7:00 AM Eastern.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Nasdaq Media Relations Contact
Nick Jannuzzi
+1 973.760.1741
Nicholas.Jannuzzi@Nasdaq.com
Nasdaq Investor Relations Contact
Ato Garrett
+1 212.401.8737
Ato.Garrett@nasdaq.com
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