TMX Group Limited Reports Results for Second Quarter 2020

Revenue of $217.7 million, up 4% from $210.3 million in Q2/19

Diluted earnings per share of $1.19 compared with $1.37 in Q2/19

Adjusted diluted earnings per share of $1.52, up 5% from $1.45 in Q2/19

Cash flows from operating activities of $130.9 million, up 17% from $111.5 million in Q2/19

Increased quarterly dividend by 4 cents per common share, up 6% to 70 cents per common share

TORONTO, Aug. 5, 2020 /CNW/ - TMX Group Limited (TSX: X) ("TMX Group") today announced results for the secondA  quarter ended June 30, 2020.Commenting on the operational environment and the company's performance during the secondA  quarter of 2020, John McKenzie, Interim Chief Executive Officer and Chief Financial Officer of TMX Group, said:"Our second quarter performance reflects the depth of our diverse and adaptive business model and serves to demonstrate the resiliency of Canada's capital markets during a challenging and unprecedented period in our history.A  Revenue in the second quarter grew 4% over last year led by increased revenue from our equities trading and clearing business as well as global solutions, insights and analytics, partially offset by lower revenue from capital formation and derivatives. As the COVID-19 pandemic continues to have a major impact on our operating environment, the rapid transition to a virtual workplace has also accelerated our digital transformation, serving as a catalyst for innovative and adaptive client focused solutions across our business. We remain on track with our key initiatives and in the execution of our long-term strategy to deliver profitable growth to shareholders." RESULTS OF OPERATIONSNon-IFRS Financial Measures
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