This excerpt taken from the MORN 8-K filed Jan 2, 2009.
Timing of Renewals for Institutional Contracts
16. Roughly what percentage of your institutional contracts are renewing in the next 6 months? Youve noted that many of these customers opt for multi-year pacts, but given the near-term pressure on budgets it would be helpful to get a sense of how much of this business is repricing now. Separately, could you give us a sense of how many of these contracts renewing in the next 6 months are for datawhere you seem to have less competition particularly for fund data/toolsand what percentage is for investment consultingwhere it seems more customers could take that work in house?
About 20% of our institutional contracts (based on total contract value in dollars) are up for renewal in the six months between October 1 and March 31, 2009. These contracts cover various products, with roughly equal amounts in Licensed Data and Investment Consulting.