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  "documentTitle": "MSCI Inc. (MSCI)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "Each KPI Down YoY",
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      "text": "Organic Sales Growth: -0.9%",
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      "text": "Analytics is ~26% of MSCI's revenue. Spruce Point observes that for the first time in recent years, MSCI experienced year-over-year declines in the organic sales growth, Adj. EBITDA margin and client Retention Rate metrics in the Analytics segment.",
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      "text": "Source: MSCI and Spruce Point analysis",
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      "text": "Key Performance Metrics of MSCI Analytics Segment",
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