MSCI counts the cost of bank M&A, looks ahead to custom indexes, AI
Cancellations of overlapping contracts following a bank merger put a dent in MSCI’s earnings, but management remains upbeat about the potential of recent acquisitions and new technology developments.
Index and analytics provider MSCI took a $7 million hit in its first quarter revenues as a result of the cancellation of overlapping license agreements following the merger of two large global banks last year.
Announcing the vendor’s results on Tuesday, April 23, MSCI chairman and CEO Henry Fernandez said higher than usual cancellations reflected “a concentration of unusual client events,” and that “We do not expect these high levels of cancellations to continue.”
“The vast majority of our Q1
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