- Moody's Corp posted a solid Q3 performance with 15% YoY revenue growth, - Despite a 9% rise in total expenses, Moody's managed to expand its operating margin to 36.3%.
Impeccable business performance is often a master blend of robust financial levers, operational efficiency, and strategic market positioning. Moody's Corporation's third quarter performance in FY23 served as yet another attestation. Revenue surged 15% YoY to a stellar $1.472 billion, outstripping the consensus estimation of $1.463 billion. Equally intriguing was the impressive climb in adjusted earnings per share, hitting a noteworthy $2.43 above Street's view.
The swelling revenue reservoir had two significant tributaries, Moody's Analytics, and Investor Service. The former experienced a healthy 13% YoY increase, topping out at $776 million, while the latter division hit an 18% growth, netting a solid $696 million. The results reaffirm the effectiveness of Moody's integrated risk assessment framework that leverages traditional credit ratings, research, and data to provide industry-shaping risk management solutions.
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