Tuesday, August 24, 2010
Mahwah, NJ
NYX has been making a big deal about how its technology segment is going to become a large contributor to revenues and earnings. At its most recent analyst day, President Dominique Cerrutti and Young outlined plans to grow the tech division’s revenues at a rate of 22% per year over the next five years, with the goal of reaching $1bn in revenues and 30% profit margins. This compares with just 13% currently. Their strategy of spending hundreds of millions of dollars to build their own huge data centers in Mahwah and Basildon, UK, has been controversial, but they highlight it as differentiating them from competitors. This event would give investors a chance to see the new facility and learn more about the tech segment’s strategy, as well as ask broader questions of Leibowitz regarding the company as a whole.
Please join us for a unique onsite visit to NYX’s new Mahwah data center featuring Larry Leibowitz Group EVP, Stanley Young, head of NYX’s tech segment and Ken Barnes, VP, Global Connectivity. All Rosenblatt Securities events are by invitation only. Please contact Wendy Starker at wstarker@rblt.com for further information.
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