Verisk Analytics, Inc. (NASDAQ:VRSK) Q3 2019 Earnings Conference Call - Final Transcript

Oct 30, 2019 • 08:30 am ET

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Verisk Analytics, Inc. (NASDAQ:VRSK) Q3 2019 Earnings Conference Call - Final Transcript

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Q & A
Executive
Lee M. Shavel

and, again, adding another layer of complexity.

We have a large number of products and businesses that we are moving to the cloud, each with different dimensions of how applicable cloud is to what they do and with different timelines. And so, it is impossible to extract what the quantum of that margin improvement is. We're learning as we go with each individual project tackling the biggest ones first, but we will see that positive margin improvement that we manage as part of our overall core objective of increasing margin over time and then also investing that margin expansion to some level where we are investing in future growth. So, there are a lot of contributing influences to that, but it is clearly a very strong component of what will allow us to grow our core operating leverage further. And I know it would be great if we could provide some quantification, but it's just too large a project and too complex for us to pin that to a specific number.

Operator
Operator

Thank you. [Operator Instructions] Next question comes from the line of Bill Warmington. Your line is open.

Analyst
Bill Warmington

Good morning, everyone.

Executive
Scott G. Stephenson

Hi.

Analyst
Bill Warmington

So, a question for you on financial services. The -- just wanted to ask about the product push outs, whether those go into Q4 or whether they go into 2020 or is it indefinite. And then sort of along those lines on the EDM transition to more of a subscription model, what inning are we in there?

Executive
Lee M. Shavel

So, Bill, on the push-outs, I think we had some of the third quarter revenues, some of them are longer development products that got pushed out into the fourth quarter. There were some that I think they pushed out into 2020. So, I think a combination there. And with regard to EDM, I think it is a -- it is still a development project for us. We continue to see a very strong response from customers, and we're dealing with really substantiating this as a broader opportunity within the business on a client by client basis. So very early staged, but everything that we have seen continues to keep us enthusiastic about this as a core service that is additive to our most important and largest clients.

Analyst
Bill Warmington

Well, thank you very much.

Executive
Lee M. Shavel

Thanks, Bill.

Operator
Operator

Thank you, again. [Operator Instructions] There is no further question at this time. Presenters, you may proceed.

Executive
Scott G. Stephenson

Yes. Thank you. So, thanks everybody for joining us. I appreciate the questions and the dialogue. We'll be following up with several of you and talk to you soon. Have a great day.

Operator
Operator

[Operator Closing Remarks]