The company said total operating revenues for the quarter ended March 31, 2024 rose 14.8%, and that excluding the impact of foreign currency exchange rate fluctuations and acquisitions, they would have risen 10.3%.

1. 01

   The company said total operating revenues for the quarter ended March 31, 2024 rose 14.8%, and that excluding the impact of foreign currency exchange rate fluctuations and acquisitions, they would have risen 10.3%.

2. 02

   MSCI said total operating expenses for the same quarter rose 22.7%, and that excluding the impact of foreign currency exchange rates they would have risen 21.9%. G&A expenses rose 38.1%, R&D expenses rose 29.4% and cost of revenues rose 18.3%. The company attributed the G&A increase in part to higher transaction and integration costs related to the step acquisition of Burgiss.

3. 03

   The company said it acquired the remaining 66.4% interest in Burgiss for $696.8 million in cash on October 2, 2023, and that its existing 33.6% interest had a fair value at the acquisition date of $353.2 million. It also said it acquired Trove on November 1, 2023 for approximately $37.5 million in cash, and Fabric on January 2, 2024 for approximately $8.0 million in cash plus contingent consideration with an acquisition-date fair value of $8.1 million.

4. 04

   The company said it entered into a Second Amended and Restated Credit Agreement on January 26, 2024, and that as of March 31, 2024 it had $4,200.0 million of Senior Notes and $336.9 million of revolving credit facility borrowings outstanding. On the same date, its Consolidated Leverage Ratio was 2.56:1.00 and its Consolidated Interest Coverage Ratio was 9.16:1.00.

Key figures

Quarter ended March 31, 2024

Revenue

$680M

Operating income

$339M

Net income

$256M

EPS

$3.22

Operating cash flow

$300M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.