IntercontinentalExchange (ICE), an operator of regulated global exchanges, clearing houses and over-the-counter (OTC) markets, has reported consolidated revenues of $250 million in the second quarter of 2009, a 27% increase over second quarter 2008 revenues of $197 million
Consolidated GAAP net income for the second quarter was $72 million, a 15% decrease compared to $85 million for the prior second quarter. Diluted GAAP earnings per share (EPS) in the second quarter were $0.97, down 18% compared to the prior year’s second quarter. Adjusted to exclude the NCDEX impairment charge, non-GAAP diluted EPS for the quarter were $1.12, down 6% compared to the prior year’s second quarter.
Consolidated transaction and clearing revenues increased 34% to $223 million in the second quarter of 2009, from $167 million during the same period in 2008. Transaction and clearing revenues in ICE’s consolidated futures segment totaled $106 million in the second quarter of 2009, an increase of 21% over $87 million in the same period in 2008.
Second quarter 2009 transaction and clearing revenues in ICE’s global OTC segment increased 47% to $117 million, compared to $80 million for the comparable period in 2008. In ICE’s credit derivative markets, second quarter transaction and clearing revenues were $45 million, up 10% versus the same period in 2008 on a pro-forma basis.
Jeffrey Sprecher, chairman and CEO of ICE, said: “ The development and launch of the CDS clearing solution in the US and Europe has allowed us to serve our customers well during a very critical time in the evolution of the broader financial markets.”
