Inside Nasdaq’s AI-fueled pivot to SaaS provider
CIO Business Intelligence
SEPTEMBER 14, 2023
The company, which reported net revenues of $3.6 billion in 2022, derives roughly 30% of its business from its markets, trading, and exchange business — and about 40% from software sales and licensing. By the end of 2022, annualized SaaS revenues exceeded $700 million, representing more than a third of Nasdaq’s recurring revenues.
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