April 29 (Reuters) - Ratings provider S&P Global ( SPGI )

said on Tuesday it plans to separate its mobility

division, which sells data to vehicle manufacturers and

automotive suppliers, into a separate public company in an

attempt to streamline operations.

The New York-based firm said its operations will consist of

four core businesses after the separation - S&P Global Market

Intelligence, S&P Global Ratings, S&P Global Commodity Insights

and S&P Dow Jones Indices.

"Separating Mobility will allow us to continue to focus on

our core businesses and pursue our growth strategy," said

Martina Cheung, President and CEO of S&P Global ( SPGI ).

The segment generated $1.6 billion in revenue in fiscal year

2024, a year-over-year increase of approximately 8%.

UPBEAT RESULTS

S&P Global's ( SPGI ) first-quarter profit beat analysts'

expectations, as demand for its data and analytics offerings

remained robust amid economic turmoil.

The demand for market analysis tools has surged as investors

rebalanced their portfolios to protect against increased market

volatility caused by the broad tariffs imposed by U.S. President

Donald Trump on the country's trading partners.

Revenue from S&P's Ratings segment, which provides credit

ratings, research and analytics to investors, rose 8% to $1.15

billion in the three months ending March 31.

Revenue from the Market Intelligence unit - which provides

data and analytics - rose 5% to $1.2 billion.

The company reported an adjusted profit of $4.37 per share,

surpassing analysts' expectation of $4.19.