MSCI Touts Strong Subscription Growth, CEO Says Q3's Recurring Sales Were 'Best-Ever'
Portfolio Pulse from Anusuya Lahiri
MSCI Inc reported a strong fiscal Q3 2024 with a 15.9% revenue growth, surpassing analyst expectations. The company achieved its best-ever recurring sales in Index and Analytics, with significant growth in asset-based-fee revenue. Despite a slight decline in operating margin, MSCI's adjusted EPS and free cash flow were robust. The company declared a dividend of $1.60 per share for Q4.

October 29, 2024 | 2:33 pm
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MSCI Inc reported a strong fiscal Q3 2024 with 15.9% revenue growth, surpassing analyst expectations. The company achieved its best-ever recurring sales in Index and Analytics, with significant growth in asset-based-fee revenue. Despite a slight decline in operating margin, MSCI's adjusted EPS and free cash flow were robust. The company declared a dividend of $1.60 per share for Q4.
MSCI's strong revenue growth and surpassing of analyst expectations are positive indicators for the stock. The best-ever recurring sales in key segments and a declared dividend further enhance investor confidence. Despite a slight decline in operating margin, the overall financial performance is robust, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100