AvidXchange -MSCI Q4 Earnings Beat, Recurring Subscriptions Rise Y/Y

MSCI Inc.'s (MSCI) fourth-quarter 2023 adjusted earnings of $3.68 per share beat the Zacks Consensus Estimate by 11.85% and jumped 29.6% year over year. Revenues increased 19.8% year over year to$ 690.1 million and beat the consensus mark by 5.04%. Organic revenues increased 14.7% year over year. Recurring subscriptions of $505.4 million increased 16.8% year over year and accounted for 73.2% of revenues. Asset-based fees of$ 145.1 million increased 15.9% year over year and contributed 21% of revenues. Non-r ...