LONDON, April 25 (Reuters) - The London Stock Exchange Group said on Thursday its first quarter growth was in line with plans, and products from its partnership with Microsoft were due to be rolled out in the first half of 2024.
LSEG said total income, excluding recoveries, in the first quarter was 2.089 billion pounds ($2.61 billion), with gross profit of 1.893 billion pounds. Analysts' consensus compiled by LSEG forecast total income at 2.088 billion pounds, and gross profit at 1.888 billion pounds.
"We have started the year well, delivering another quarter of solid growth consistent with our plans," LSEG CEO David Schwimmer said in a trading statement.
"We continue to make strong progress in our Microsoft partnership, with a number of products expected to be in external pilot or general release this half."
Thomson Reuters, owner of Reuters News, holds a minority stake in LSEG, which pays Reuters for news. ($1 = 0.8018 pounds) (Reporting by Huw Jones, editing by Sinead Cruise)
London Stock Exchange (LSEG)