Reports Q1 revenue $592.2M, consensus $593.82M. "MSCI delivered solid Q1 results in a tough environment, confirming the underlying strengths of our franchise. We posted 13.3% organic recurring subscription revenue growth as well as our 37th consecutive quarter of double-digit Index recurring subscription Run Rate growth and 67.8% Run Rate growth from Climate across our product lines," said Henry A. Fernandez, Chairman and CEO of MSCI. "We have not been immune to the market turmoil, which impacted sales in areas such as ESG and Real Estate, but our resilience and leadership in the industry continue to stand out. MSCI has a globally diversified franchise that provides mission-critical investment solutions for a diverse and growing range of clients and use cases. This helps to stabilize demand for our solutions across business cycles. Moreover, difficult environments highlight our competitive advantages and thus create new opportunities for us to outdistance our competitors," added Fernandez.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on MSCI:
