Impressive MSCI Earnings
$MSCI (+0.28%) profit for the second quarter increased to $266.8 million, or $3.37 per share, from $246.8 million, or $3.09 per share, a year earlier. The company's adjusted EPS came in at $3.64, surpassing analyst expectations of $3.55.
Revenue Beats Expectations
Operating revenue rose 14% to $707.9 million, exceeding the forecasted $696.4 million. This growth was primarily driven by a 14.4% increase in recurring subscription revenue, especially from market-cap weighted indexes.
Key Takeaways
Profit: $266.8 million ($3.37 per share)
Adjusted EPS: $3.64 (beating $3.55 expectations)
Operating Revenue: $707.9 million (up 14%)
Recurring Subscription Revenue: Up 14.4%
Operating Expenses: $325.3 million (up 18.2%)
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