Business and Finance
Business and Finance
Wed, January 29, 2025
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MSCI's fourth-quarter profit declines on higher expenses
- MSCI reported a 24.3% fall in fourth-quarter profit on Wednesday, hurt by higher costs and tougher comparisons to a year earlier, when the index provider had recorded a $143 million one-time gain.
MSCI Inc reported a decline in its fourth-quarter profit on January 29, 2025, primarily due to increased expenses. The financial data and analytics firm experienced a rise in operating expenses, which included higher costs related to compensation, information technology, and marketing. Despite these challenges, MSCI saw growth in its recurring subscription revenues, although this was offset by a decrease in asset-based fees due to lower Assets under Management (AUM) from market depreciation. The company's CEO highlighted ongoing investments in technology and data capabilities aimed at enhancing long-term growth, even as they navigate through a period of economic uncertainty affecting investment patterns.
Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/mscis-fourth-quarter-profit-declines-higher-expenses-2025-01-29/ ]
Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/mscis-fourth-quarter-profit-declines-higher-expenses-2025-01-29/ ]
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