In the same quarter, however, ISS showed a 1.4% drop in revenues to $29.6 million. On the other hand, MSCI reported a 14.6% increase in net income to $55.3 million as well as a 4.4% increase in Ebitda to $112.8 million.
MSCI bought RiskMetrics in 2010 in a cash-and-stock deal valuing the company at $21.75 per share or $1.55 billion. ISS, known as Institutional Shareholder Services, had been bought by RiskMetrics from Warburg Pincus and Hermes Investment Management in 2006 for $553 million.
After MSCI bought RiskMetrics it moved the governance business into its own division.
New York.-based MSCI trades on the New York Stock Exchange under the ticker symbol MSCI. Shares closed down 1.07% at $40.77 Thursday, giving the company a market capitalization of about $4.9 billion.MSCI spokesman Edings Thibault said the company wasn't commenting further. -- Written by Tatjana Kulkarni in New York
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