MSCI said operating revenues for Q4 2023 rose 19.8% to $690.1 million, and net income rose 87.6% to $403.4 million. The company said a non-taxable, one-time gain of $143.0 million from the remeasurement of its Burgiss equity method investment was reflected in other expense (income), net.

1. 01

   MSCI said operating revenues for Q4 2023 rose 19.8% to $690.1 million, and net income rose 87.6% to $403.4 million. The company said a non-taxable, one-time gain of $143.0 million from the remeasurement of its Burgiss equity method investment was reflected in other expense (income), net.

2. 02

   The company said total Run Rate as of December 31, 2023 increased 15.8% to $2,686.2 million. Its Retention Rate for Q4 was 93.6%, compared with 93.0% a year earlier. Organic recurring subscription Run Rate growth was 9.9%.

3. 03

   Net cash provided by operating activities for Q4 2023 rose 23.3% to $389.0 million, capital expenditures were $21.8 million, and free cash flow rose 24.5% to $367.1 million, the company said. It cited higher cash collections from customers as the driver of the increase in operating cash flow.

4. 04

   MSCI said it repurchased a total of $458.7 million and 979,623 shares in 2023 and through trade date of January 29, 2024. It said it declared a cash dividend of $1.60 per share in Q1 2024. The company gave free cash flow guidance for 2024 of $1,225 to $1,285 million.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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