NYSE Euronext, which besides operating two of the world's largest stock exchanges is also a major data center colocation and managed services provider, on Tuesday reported a year-over-year uptick in net income in the final quarter of 2009 and a 14 percent drop in revenue.
During the year, NYSE expanded its organization by acquiring electronic trading company NYFIX. The acquisition followed the 2008 announcement of NYSE's acquisition of American Stock Exchange, a major US trading venue.
Also in 2009, NYSE moved closer to completion of two new data centers, which are part of a major data center consolidation effort. The new facilities (400,000 square feet each) are in Mahwah, N.J., and Basildon, England.
"We continue to make progress with the migration to the Universal Trading Platform that will provide global scale and will be a competitive differentiator and, with our data center build-out nearly complete, we will expand the suite of technology services we offer our clients today, while enhancing our ability to develop the cutting-edge products of the future," company CEO Duncan Niederauer said in a statement.
The company's net non-GAAP income during the quarter was $151 million, compared with $137 million in the fourth quarter of 2008 and $138 million in the third quarter of 2009. NYSE's revenue in the fourth quarter of 2009 was about $1.01 billion, a drop from about $1.05 billion in the prior quarter and about $1.18 billion in the final quarter of 2008.
Also on Tuesday, one of NYSE's major European competitors London Stock Exchange announced hiring of Antoine Shagoury to run its IT organization. Until taking the position at LSE, Shagoury served as CIO for AMEX, the business NYSE acquired in 2008.