TECH - What's Going On With MSCI Stock On Monday? | Benzinga
MSCI Inc (NYSE:MSCI) reported fiscal first-quarter revenue growth of 14.8% year-on-year to $679.97 million, missing the consensus of $684.14 million.
The adjusted EPS of $3.52 beat the consensus of $3.45. The stock price dipped after the results.
The total run-rate at March 31, 2024, rose 14.6% Y/Y to $2.73 billion. The organic recurring subscription run rate growth was 8.7%. The retention rate was 92.8% compared to 95.2% last year.
Index operating revenues of the investment research firm rose 10.2% Y/Y to $373.9 million, aided by higher recurring subscription revenues and asset-based fees.
Analytics operating revenues ...