MCO - Moody's Poised To Benefit From A Diversified Business Model
2024-02-20 01:43:08 ET
Summary
- Moody's Corporation reported an 8% increase in total revenue and a 16% rise in adjusted diluted earnings per share in fiscal year 2023.
- The company's Moody's Analytics division experienced a 10% growth rate in Annual Recurring Revenue, while Moody's Investor Service segment saw a 19% growth in the quarter.
- Moody's plans to accelerate investment in key areas, including GenAI, new product development, and technology infrastructure, to drive future growth.
Introduction
It's time to talk about the second-largest rating agency in the world, the Moody's Corporation ( MCO ) .
My most recent article on the company was written on November 20, when I went with the title "Moody's Is The Perfect Stock For My Portfolio."
Since then, the stock has returned 2.7%, lagging the S&P 500 by roughly 800 basis points....
Moody's Poised To Benefit From A Diversified Business Model