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Thursday, November 2, 2017

=MSCI (MSCI) reported earnings on Thur 2 Nov 2017 (b/o)

MSCI Inc. (formerly Morgan Stanley Capital International and MSCI Barra), is an American provider of equity, fixed income, hedge fund stock market indexes, and equity portfolio analysis tools.

  • Founded 1969
  • Headquarters: New York City, NY
  • Website

MSCI beats by $0.03, reports revs in-line 
  • Reports Q3 (Sep) earnings of $1.00 per share, $0.03 better than the Capital IQ Consensus of $0.97; revenues rose 11.7% year/year to $322.1 mln vs the $322.96 mln Capital IQ Consensus.
    • Net new recurring subscription sales increased 68.2% to $21.0 million, driven by stronger Analytics net new sales
    • Total Run Rate at September 30, 2017 grew by $158.2 million, or 13.8%, to $1,305.0 million, compared to September 30, 2016. The $158.2 million increase was driven by an $80.6 million, or 8.6%, increase in subscription Run Rate to $1,015.2 million, and a $77.6 million, or 36.6%, increase in asset-based fees Run Rate to $289.8 million. Adjusting for the impact of foreign currency exchange rate fluctuations, subscription Run Rate would have increased 8.3% in third quarter 2017. Recurring subscriptions and asset-based fees at September 30, 2017 represented 77.8% and 22.2% of total Run Rate, respectively.
  • Co reaffirmed expectations for FY17 EBITDA between $605 mln and $615 mln   

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