Home / Business and Economy / MSCI Stock Soars on Record Sales
MSCI Stock Soars on Record Sales
29 May
Summary
- MSCI reported record asset-based run rate and subscription sales growth.
- Operating revenue increased 14.1% year-over-year to $850.8 million.
- Net income saw a substantial 40.7% rise, reaching $406 million.
MSCI Inc. has demonstrated strong performance, with significant growth in its asset-based run rate and recurring net-new subscription sales. The company's financial report, delivered on April 21, showcased its critical role in global capital markets.
Operating revenue reached $850.8 million, marking a 14.1% increase from the previous year. This growth was primarily driven by a 13.3% rise in organic revenue and a $47.6 million boost in recurring subscription revenues.
The total run rate grew by 12.7% to $3.35 billion. Concurrently, net income experienced a substantial increase of 40.7%, totaling $406 million, while adjusted EBITDA rose by 18.6% to $504.7 million.
MSCI also returned capital to shareholders, paying approximately $150.1 million in dividends during the quarter. The board declared a second-quarter dividend of $2.05 per share, payable on May 29. Furthermore, the company authorized an additional $1.7 billion for its outstanding share repurchase program.
