Investment Technology Group (ITG) swung to a net profit for the quarter ended Mar. 31, 2017. The company has made a net profit of $5.30 million, or $ 0.16 a share in the quarter, against a net loss of $2.51 million, or $0.08 a share in the last year period. On an adjusted basis, net profit for the quarter was $5.30 million, when compared with $1.84 million in the last year period.

Revenue during the quarter dropped 3.07 percent to $120.84 million from $124.67 million in the previous year period. Non-interest income for the quarter fell 0.57 percent over the last year period to $101.88 million.

However, the adjusted EBITDA for the quarter stood at $15.28 million compared with $12.98 million in the prior year period. At the same time, adjusted EBITDA margin improved 223 basis points in the quarter to 12.64 percent from 10.41 percent in the last year period.

Commenting on the results, ITG President and chief executive officer, Frank Troise, said, "We continue to build momentum in our international operations, with revenue growth in all three regions and record profitability in EMEA and Asia Pacific. While the environment in the U.S. is challenging, we gained market share in the first quarter and are working to close the profitability gap through execution of our Strategic Operating Plan, which aims to enhance the value we deliver to clients through our core liquidity, execution, analytics and workflow technology solutions."

Shareholders equity stood at $403.22 million as on Mar. 31, 2017, down 9.39 percent or $41.76 million from year-ago.