Financial Data and Key Metrics Changes - The company reported a 6.9% year-over-year increase in revenues to $608 million, with organic growth of 6% excluding foreign exchange and M&A impacts [21][27] - Adjusted operating margin was 36.2%, and adjusted diluted EPS increased by 3% year-over-year to $4.51 [4][21] - Organic ASV growth accelerated to 5.9%, an increase of $6.6 million, driven primarily by expansion with existing clients [17][21] Business Line Data and Key Metrics Changes - In the Americas, organic ASV grew 6%, driven by asset managers and wealth, with increased demand for portfolio lifecycle solutions and AI-ready data [18] - EMEA saw a 4% organic ASV growth, with higher expansion in performance solutions offsetting some softness in asset owners [18] - Asia-Pacific experienced an 8% organic ASV growth, up from 7% last quarter, driven by middle office solutions and AI-ready data [19] - Wealth management delivered a 10% organic ASV growth, with significant wins in workstations and analytics [20] Market Data and Key Metrics Changes - Client count grew to over 9,000, a 9% year-over-year increase, with retention rates remaining healthy at 91% for clients and above 95% for ASV [21] - The user base approached 240,000, with wealth and asset managers leading user growth, up 10% versus the prior year [21] Company Strategy and Development Direction - The company is increasing its share repurchase authorization from $400 million to $1 billion, reflecting confidence in its balance sheet and intrinsic value [6][26] - Three strategic priorities include driving commercial excellence, improving productivity, and solidifying long-term strategy for sustainable growth [12][15] - The company is focused on enhancing its data offerings, modernizing technology infrastructure, and improving client workflows to drive future growth [23][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the pipeline and positive client sentiment, indicating a strong demand for new data products [61] - The company is seeing increased hiring in banking, driven by a recovery in M&A activity, and is not currently observing reductions in headcount [49][60] - Management is maintaining a prudent approach to guidance, reaffirming previously issued FY26 guidance across all metrics [27][70] Other Important Information - Operating expenses increased by 9% year-over-year, driven by higher people-related expenses and technology costs [22] - The company is allocating roughly two-thirds of its investments to growth and one-third to internal infrastructure [23][25] - The company has returned $554 million to shareholders over the last 12 months through dividends and buybacks [26] Q&A Session Summary Question: Competitive positioning against AI startups and Big Four data incumbents - Management expressed confidence in proprietary assets and emphasized the strength of their data and analytics capabilities, viewing partnerships with the AI ecosystem as complementary [30][32][35] Question: Changes in sales incentives and early results - Management highlighted renewed vigor in new business development and faster sales motions, aided by AI product resonance [38][40] Question: Future hiring picture and AI efficiencies - Management noted no current reductions in headcount, with increased hiring observed, particularly in banking, and strong growth in AI product usage [46][49] Question: Margin impact from investments - Management indicated that investments are aimed at foundational elements and targeted growth areas, expecting benefits to play out in future years [51][54] Question: Organic ASV growth expectations - Management remains confident in the strength of the pipeline but is taking a prudent approach to guidance, anticipating potential deceleration in growth [70] Question: Proprietary versus non-proprietary products - Management clarified that 40% of the business is linked to client proprietary data, with 50% classified as proprietary and enriched data and tools [72][74]

Financial Data and Key Metrics Changes - The company reported a revenue growth of 6.9% year over year, reaching $608 million, with organic growth of 6% excluding foreign exchange and M&A impacts [22][27] - Adjusted operating margin was 36.2%, and adjusted diluted EPS increased by 3% year on year to $4.51 [4][22] - Organic ASV growth accelerated to 5.9%, an increase of $6.6 million, driven by strong demand in trading, workstations, and market data [18][22] Business Line Data and Key Metrics Changes - In the Americas, organic ASV grew 6%, primarily driven by asset managers and wealth [18] - EMEA saw a 4% organic ASV growth, with improved retention and expansion in performance solutions [18] - Asia-Pacific experienced an 8% organic ASV growth, up from 7% last quarter, driven by middle office solutions and AI-ready data [19] - Wealth management delivered a 10% organic ASV growth, with significant wins in workstations and analytics [20] Market Data and Key Metrics Changes - Client count grew to over 9,000, a 9% increase year over year, with retention rates at 91% for clients and above 95% for ASV [22] - The user base approached 240,000, with wealth and asset managers leading user growth, up 10% versus the prior year [22] Company Strategy and Development Direction - The company is increasing its share repurchase authorization from $400 million to $1 billion, reflecting confidence in its balance sheet and long-term growth potential [5][26] - Three strategic priorities include driving commercial excellence, improving productivity, and solidifying long-term strategy for sustainable growth [12][17] - The company is focused on enhancing its data offerings and integrating AI capabilities to maintain competitive differentiation [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the pipeline and client demand, indicating a positive sentiment in the market [46][48] - The company is maintaining a prudent approach to guidance, reaffirming previously issued FY26 guidance across all metrics [27][56] - There is an expectation of continued growth in AI product adoption, with a reported sequential growth of over 45% in AI products launched earlier this year [12][51] Other Important Information - Operating expenses increased by 9% year over year, driven by higher people-related expenses and technology costs [23][24] - The company is allocating roughly two-thirds of its investments to growth initiatives and one-third to internal infrastructure [24][25] Q&A Session Summary Question: Competitive positioning versus AI startups and Big Four data incumbents - Management emphasized confidence in proprietary assets and the ability to partner with the AI ecosystem, viewing distribution through various channels as complementary [29][30] Question: Changes in sales incentives and early results - Management highlighted alignment of sales incentives with desired outcomes, leading to faster sales motions and a richer pipeline [33][34] Question: AI's impact on customer hiring and desktop business - Management noted no significant reductions in headcount, with increased hiring observed in banking and strong demand for AI products [37][39] Question: Margin impact from investments - Management discussed the balance between structural investments for operating leverage and growth investments aligned with client demand [52][54] Question: Organic ASV growth expectations - Management expressed confidence in the pipeline but maintained a conservative approach to guidance, acknowledging the need for prudent execution [55][56] Question: Proprietary versus non-proprietary products - Management provided insights into the classification of proprietary data and the importance of proprietary methodologies in delivering high-quality outputs [57][59]