NYSE Euronext today reported net income of US$230 million for the quarter ended March 31, up from US$68 million in the same quarter last year, although the comparative results for 2007 reflect the operations of NYSE Group only.

On a non-GAAP basis, giving effect to the Euronext transaction as if it occurred at the beginning of the earliest period presented, and excluding merger expenses and exit costs, the net income of NYSE Euronext for the quarter ended Mar. 31, 2008 would have been US$241 million, an US$83 million or 53% increase versus non-GAAP net income of US$158 million for the quarter ended Mar. 31, 2007.

NYSE Euronext’s revenues, net of activity assessment fees, for the quarter increased US$236 million, or 25%, while operating income increased US$99 million, or 38%, compared to the quarter last year. In addition, on a normalized basis, revenues increased US$129 million, or 12%, while operating income increased US$93 million, or 34%, compared to the quarter ended Dec. 31, 2007 .

“Our strong performance in the first quarter of 2008 highlights the growing demand for our broad array of products and services across all of our business units and the inherent operating leverage in NYSE Euronext’s diverse business model,” said Duncan Niederauer, CEO of NYSE Euronext. “We are very pleased with the growth in our transaction-related revenues, which underscores our leadership position in an increasingly competitive environment. We remain focused on executing our global growth strategy, operating with the utmost efficiency, strengthening our competitive position, and providing exceptional customer and shareholder value.”

Joost van der Does de Willebois, acting CFO, added, “In addition to producing strong revenue growth, we are well on target to achieve our annual US$250 million in technology-run rate savings. In the first quarter, we achieved US$70 million in annual IT run-rate savings, which exceeds our previously announced US$50 million goal.”