Content analysis
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H.S. sophomore Good
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New words:
Abatement, algorithm, antidilutive, Appellate, arrangement, artificial, Australasia, breadth, Buyside, Codification, cycle, deemed, defense, denied, Disposition, disputing, disrupt, emergency, exceeded, exclusive, frequently, geography, group, ineffective, issuer, language, legacy, local, monthly, outlined, passage, Philip, pool, rapidly, raw, remeasured, remove, residing, resolved, retrospectively, RSU, Rule, sale, Simplification, Snow, tailored, undistributed
Removed:
ABA, acquire, acquired, agency, agile, American, area, assumed, Australia, back, behalf, benchmark, blend, call, categorization, closing, Cobalt, cognitive, collaborative, combination, combine, commercial, competitive, concurrently, conflict, connection, contest, continually, continuity, creativity, CTS, culture, curve, deductible, delivered, depict, differentiating, differentiation, dilution, discontinued, enabling, environment, evaluation, evolve, excise, expectation, finalized, Finally, financed, flexibility, focusing, forma, foundation, fulfillment, goal, hiring, history, identifying, implemented, improving, innovative, instrument, ISIN, leased, LIBOR, license, licensing, lifecycle, mentorship, military, modern, monitoring, numbering, official, ongoing, operationally, order, organizational, pandemic, personalization, PNC, preceding, preliminary, Prepaid, Pro, promoting, prospecting, protecting, quickly, regional, regulatory, relate, relationship, reliable, renewable, replaced, respond, responsive, retaining, role, Russia, Russian, salary, scale, seeking, significantly, spend, strong, structure, subsequent, surrendered, targeted, thereunder, Ukraine, uncertainty, uncover, uninterrupted, uniquely, unrealized, upward, vacating, warrant, workflow
Financial report summary
?Risks
- Loss, corruption and misappropriation of data and information relating to clients and others
- Successful access to prohibited data and other cyber-attacks and the failure of cyber-security systems and procedures
- A prolonged or recurring outage at our data centers and other business continuity disruptions at facilities could result in reduced service and the loss of clients
- Transition to new technologies, applications and processes could expose us to unanticipated disruptions
- Use of open source software could introduce security vulnerabilities, impose unanticipated restrictions on our ability to commercialize our products and services, and subject us to increased costs
- Our use of artificial intelligence technologies may not be successful and may present business, compliance, and reputational risks
- Competition in our industry may cause price reductions or loss of market share
- The continued shift from active to passive investing could negatively impact user count growth and revenues
- A decline in equity and/or fixed income returns may impact the buying power of investment management clients
- Uncertainty or downturns in the global economy and consolidation in the financial services industry may cause us to lose clients and users
- Volatility or downturns in the financial markets may delay the spending pattern of clients and reduce future ASV growth
- Failure to develop and market new products and enhancements that maintain our technological and competitive position and failure to anticipate and respond to changes in the marketplace for our products and customer demands
- Failure to identify, integrate, or realize anticipated benefits of acquisitions and strains on resources as a result of growth
- Failure to maintain reputation
- Failure to enter into, renew or comply with contracts supplying new and existing data sets or products on competitive terms
- Increased accessibility to free or relatively inexpensive information sources may reduce demand for our products
- Inability to hire and retain key qualified personnel
- Pandemics and other global public health epidemics may adversely impact our business, our future results of operations and our overall financial performance
- Legislative and regulatory changes in the environments in which we and our clients operate
- Adverse resolution of litigation or governmental investigations
- Third parties may claim we infringe upon their intellectual property rights or they may infringe upon our intellectual property rights
- Additional cost due to tax assessments resulting from ongoing and future audits by tax authorities as well as changes in tax laws
- Exposure to fluctuations in currency exchange rates and the failure of hedging arrangements
- Economic, political and market forces beyond our control could adversely affect our business.
- Despite current indebtedness levels, we may still incur more debt. The incurrence of additional debt could further exacerbate the risks associated with our indebtedness
- The restrictive covenants in our debt may affect our ability to operate our business successfully
- Certain of our borrowings and other obligations are based upon variable rates of interest, which could result in higher expense in the event of increases in interest rates
Management Discussion
- Revenues in the first quarter of fiscal 2024 were $542.2 million, an increase of 7.4% from the comparable prior year period. Revenues increased in all our segments, primarily in the Americas and, to a lesser extent, EMEA and Asia Pacific. The increased revenues were driven by higher demand for our workstations, middle office solutions, data feeds and our CGS subscriptions. The increased revenues reflected 7.2% growth in organic revenues during the first quarter of fiscal 2024 compared with the prior year period. Refer to Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations, Non-GAAP Financial Measures, of this Quarterly Report on Form 10-Q for a definition of organic revenues and a reconciliation between revenues and organic revenues.