Investment Research Firm MSCI Reports Strong Q3 Growth With Significant Advances In ESG & Climate Segment
Portfolio Pulse from Anusuya Lahiri
Investment research firm MSCI Inc reported Q3 FY23 revenue growth of 11.6% YoY to $625.44 million, slightly below consensus estimates. Adjusted EPS of $3.45 beat the consensus of $3.32. The firm saw significant growth in its ESG and Climate segment, with revenues growing 26.8% YoY to $73 million. MSCI's recent acquisitions of Burgiss and Trove are expected to strengthen its portfolio solutions. Despite the strong results, MSCI shares traded lower by 2.00% at $472.35.
October 31, 2023 | 6:51 pm
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MSCI reported strong Q3 FY23 results, with significant growth in its ESG and Climate segment. However, the stock traded lower by 2.00%.
MSCI reported strong Q3 results, particularly in its ESG and Climate segment. However, the stock traded lower, possibly due to the slight miss on revenue consensus or market dynamics. The recent acquisitions could strengthen its portfolio solutions, potentially driving future growth.
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RELEVANCE 100