Core Points - FactSet has rescheduled its second quarter fiscal 2025 earnings conference call to 9:00 a.m. Eastern Time on March 20, 2025, from the previously scheduled 11:00 a.m. Eastern Time [1] - The earnings presentation slides will be available on FactSet's investor relations website at 8:30 a.m. Eastern Time on the same day, 30 minutes before the call begins [2] - A replay of the webcast will be available after the call, and all other details, including dial-in information and webcast link, remain unchanged [2] Company Overview - FactSet is a global financial digital platform and enterprise solutions provider, serving over 8,200 global clients and more than 218,000 individual users [3] - The company offers financial data, analytics, and open technology to clients across various sectors, including buy-side, sell-side, wealth management, private equity, and corporations [3] - FactSet is a member of the S&P 500 and has been recognized as one of the Best Places to Work in 2023 by Glassdoor [3]

Core Insights - FactSet has acquired TableTop Data, Inc. (LogoIntern) to enhance junior banker productivity by automating the process of adding, organizing, and formatting logos in pitch decks [1][2] - The acquisition aligns with FactSet's commitment to improving efficiency in investment banking workflows, allowing junior bankers to focus on higher-value tasks [2][3] - LogoIntern, founded in 2016, provides a productivity solution that streamlines logo formatting for financial services professionals, with a client base that includes major investment banks and private equity firms [2][3] Company Overview - FactSet is a global financial digital platform that serves over 8,200 clients, including more than 218,000 individual users, providing financial data, analytics, and technology solutions [4] - The company is recognized for its commitment to sustainable growth and was awarded the Glassdoor Employees' Choice Award in 2023 [4]

每周为初级银行家节省数小时 突破性的营销手册自动化工具提升效率， 全球金融数字平台和企业解决方案供应商FactSet慧甚于今年1月15日宣布推出一款由生成式人工智能驱动 的创新性解决方案 ——Pitch Creator。该产品旨在彻底改变投行营销的传统模式。通过自动化完成模型分 析和演示文稿制作等耗时任务，FactSet Pitch Creator可以将数小时的人工工作缩短至几分钟，为初级银行 家带来显著的生产力提升，使他们能够优先开展推动新业务机会的高影响力战略举措。 Pitch Creator的部分功能借助了FactSet Mercury，这是FactSet的一款由生成式人工智能驱动的聊天机器 人。用户可以通过它下达指令、查阅模板、制作幻灯片（PPT），以及使用自然语言提示从结构化和非结 构化数据中挖掘可查证的见解。与微软办公软件的无缝集成，让初级银行家能够高效地编辑、分析和源码 链接公司研究和市场数据，然后将其直接传输到Excel模型和PowerPoint演示文稿中。 Pitch Creator 的主要功能包括： 1.智能搜索（Search Intelligence）：用户可以通过智能搜索功能绕过耗时的 ...

整合前台的相邻工作流程， 连接完整的投资组合生命周期 增添具有技术前瞻性的 订单管理(OMS) 和投资账簿(IBOR)功能 全球金融数字平台和企业解决方案提供商FactSet慧甚（纽约证券交易所代码：FDS | 纳斯达克代码： FDS）于今年2月10日以2.465亿美元现金的总价收购了LiquidityBook。 关于FactSet FactSet（纽约证券交易所代码：FDS | 纳斯达克代码：FDS）助力金融界拓宽视野、开拓思维、提升工作 效能。我们的数字平台和企业解决方案为全球超过8,200家客户提供金融数据、分析和开放技术，其中包括 超过21.8万名个人用户。我们提供全面互联的内容、灵活的新一代工作流程解决方案和以客户为中心的专 业化支持，帮助买方和卖方以及财富管理公司、私募股权公司和企业的客户与日俱进，获得成功。作为标 普500指数成份股公司，我们致力于可持续增长，并被Glassdoor评为2023年最佳雇主(Best Places to Work)之一，获得Glassdoor员工选择奖(Employees' Choice Award)殊荣。 如需了解更多信息，请访问FactSet慧甚官方网站。 Li ...

Core Points - FactSet will release its financial and operating results for the second quarter of fiscal 2025 on March 20, 2025 [1] - A conference call to discuss these results will take place at 11:00 a.m. Eastern Time on the same day [2] Conference Call Details - The conference call is scheduled for Thursday, March 20, 2025, at 11:00 a.m. Eastern Time [2] - Participants must register in advance to receive dial-in numbers and a unique access pin [2] - The call will include a live Q&A session [2] Earnings Presentation - Earnings presentation slides will be available on FactSet's investor relations website at 10:30 a.m. Eastern Time on March 20, 2025 [3] - A replay of the earnings call will be accessible on the investor relations website after 1:00 p.m. Eastern Time on March 20, 2025, until March 20, 2026 [3] - The earnings call transcript will be available via FactSet CallStreet [3] Company Overview - FactSet provides financial data, analytics, and technology solutions to over 8,200 global clients, including more than 218,000 individual users [4] - The company is recognized as a member of the S&P 500 and has been awarded the Glassdoor Employees' Choice Award in 2023 [4]

Core Insights - FactSet announced the acquisition of LiquidityBook for a gross purchase price of $246.5 million in cash, aimed at enhancing its technology-forward order management (OMS) and investment book of record (IBOR) capabilities [1][5] Company Overview - LiquidityBook provides cloud-native trading solutions to hedge funds, asset and wealth management firms, and sell-side middle office clients, operating a proprietary FIX network that connects over 200 brokers and routes orders to more than 1,600 destinations across 80 markets globally [2][9] - Founded in 2005 and headquartered in New York, LiquidityBook has approximately 70 employees and offers a modular platform for the full trading life cycle, enabling multi-asset class portfolio, order, and execution management capabilities [4][9] Strategic Partnership - Over the past year, FactSet and LiquidityBook partnered to integrate LiquidityBook's OMS into the FactSet Workstation, linking various steps in the front office trade workflow, from security research to trade execution [3] - The acquisition is expected to accelerate FactSet's mission to connect the front office with the middle office, enhancing its ability to serve integrated workflow needs across the portfolio life cycle [3][4] Financial Implications - The acquisition closed on February 7, 2025, and was funded through borrowings under FactSet's existing revolving credit facility, with expectations of modest dilution to FactSet's fiscal 2025 GAAP and adjusted diluted EPS [5][6] Market Position - FactSet aims to streamline workflows across the entire portfolio life cycle, reducing clients' total cost of ownership and allowing them to focus on actionable investment decisions rather than navigating disparate platforms [4] - LiquidityBook's CEO emphasized the company's focus on developing a modular solution on scalable architecture to support sophisticated multi-asset trading workflows, positioning it as a disruptive force in the market for nearly 20 years [5][9]

Core Insights - FactSet has launched Pitch Creator, a GenAI-powered solution aimed at transforming pitchbook creation for investment banks, significantly reducing manual work time from hours to minutes [1][3] - The solution integrates with Microsoft Office, allowing junior bankers to compile and analyze data efficiently, enhancing productivity and enabling a focus on strategic initiatives [2][3] Features of Pitch Creator - Pitch Creator utilizes FactSet Mercury, an AI chatbot, to facilitate natural language prompts for accessing templates, building slides, and extracting insights from data [2] - Key functionalities include: - **Search Intelligence**: Enables semantic searches across unstructured content, expediting idea generation for investment bankers [4] - **Chart Creator**: Allows users to generate dynamic graphs and charts through simple queries, enhancing presentation quality [4] - **Slide Assistant & ReSlide Capabilities**: Automates the creation of branded slides and content reconfiguration for presentations [4] - **Tombstone Generator**: Quickly generates tombstone slides for pitchbooks, automating repetitive formatting tasks [4] - **Template Assistant**: Provides access to over 200 pre-built Excel templates for modeling workflows [4] - **Office Cloud Refresh**: Facilitates secure model refresh tasks via FactSet servers, improving workflow efficiency [4] Strategic Impact - The introduction of Pitch Creator is expected to improve work-life balance for junior bankers, who typically work 80 to 100 hours per week, by streamlining workflows and enhancing efficiency [3] - The solution empowers junior bankers to deliver high-impact presentations by leveraging source-linked data and modern design elements [3]

Acquisition and Goodwill - The acquisition of Irwin was completed for a purchase price of $123.2 million, which includes contingent consideration of $12.7 million[81]. - Goodwill increased to $1.092 billion as of November 30, 2024, reflecting the acquisition of Irwin and foreign currency translations[86]. - The acquisition of Irwin is expected to enhance the company's capabilities in addressing the workflow needs of investor relations professionals[83]. - The company anticipates finalizing the purchase price allocation for Irwin within one year from the acquisition date[83]. Financial Performance - Revenues for the first quarter of fiscal 2025 were $568.7 million, representing a 4.9% increase from the prior year, driven by a 4.7% increase in organic revenues[170]. - The company reported income before income taxes of $179,739,000 for the three months ended November 30, 2024, compared to $175,196,000 for the same period in 2023, indicating a growth of approximately 1.4%[92]. - Net income for the three months ended November 30, 2024, was $150.0 million, a 1.0% increase from the previous year[217]. - Basic earnings per share (EPS) for the three months ended November 30, 2024, was $3.95, an increase from $3.91 in the same period of 2023[140]. - Diluted EPS for the three months ended November 30, 2024, was $3.89, an increase of 1.3% from $3.84 in the prior year[191]. Cash Flow and Liquidity - Net cash provided by operating activities for the three months ended November 30, 2024, was $86.4 million, a decrease of $68.8 million compared to $155.1 million for the same period in 2023[249]. - The company generated free cash flow of $60.5 million during the three months ended November 30, 2024, a decrease of $78.2 million compared to $138.7 million for the same period in 2023[256]. - Cash and cash equivalents decreased to $289.2 million from $423.0 million as of August 31, 2024[224]. - As of November 30, 2024, the company had short-term liquidity requirements of $62.5 million related to the outstanding balance of the 2022 Term Facility due March 1, 2025[230]. Debt and Interest Rates - Total debt as of November 30, 2024, was $1,359,103,000, a slight decrease from $1,365,973,000 as of August 31, 2024[104]. - The company entered into a new interest rate swap agreement with a notional amount of $200 million, which will decline by $50 million quarterly, with a fixed interest rate of 5.145%[75]. - Interest expense on outstanding debt for the three months ended November 30, 2024, was $14.367 million, compared to $16.729 million for the same period in 2023, reflecting a decrease of approximately 8.1%[121]. - The company entered into a 2024 Swap Agreement to hedge a portion of its floating SOFR debt with a fixed interest rate of 5.145%, maturing on February 28, 2025[115]. Taxation - The provision for income taxes for the three months ended November 30, 2024, was $29,717,000, resulting in an effective tax rate of 16.5%, up from 15.2% in the prior year[92][93]. Stockholder Returns - The company returned $88.0 million to stockholders in the form of share repurchases and dividends during the three months ended November 30, 2024[240]. - The company repurchased 104,475 shares for $48.8 million during the three months ended November 30, 2024[241]. - The Board of Directors approved a dividend of $1.04 per share for the first quarter of fiscal 2025, totaling $39.572 million, compared to $0.98 per share and $37.299 million for the same period in fiscal 2024[138]. Segment Performance - The Americas segment generated revenues of $367.2 million for the three months ended November 30, 2024, compared to $348.4 million in the same period of 2023, reflecting a growth of 5.3%[160]. - The EMEA segment reported revenues of $143.7 million for the three months ended November 30, 2024, up from $139.6 million in the prior year, marking a growth of 2.4%[160]. - The Asia Pacific segment's revenues increased to $57.7 million for the three months ended November 30, 2024, compared to $54.3 million in the same period of 2023, a growth of 6.9%[160]. Operating Metrics - Operating margin decreased to 33.6% for the three months ended November 30, 2024, down from 34.9% in the prior year period[172]. - Operating income rose by 1.2% to $191.3 million, with foreign currency exchange rate fluctuations decreasing operating income by $1.1 million[206]. - Cost of services as a percentage of revenues decreased to 45.5%, a reduction of 90 basis points year-over-year, primarily due to lower employee compensation costs[204]. - Selling, General and Administrative (SG&A) expenses increased by 16.7% to $118.6 million, driven by higher employee compensation costs and professional fees[205]. Assets and Capital Expenditures - Total assets as of November 30, 2024, were $4,048.6 million, slightly down from $4,055.0 million as of August 31, 2024[161]. - Capital expenditures for the three months ended November 30, 2024, totaled $25.9 million, compared to $16.5 million in the same period of 2023[160]. - Capital expenditures increased by 57.1% to $25.9 million for the three months ended November 30, 2024, compared to $16.5 million for the same period a year ago[244]. Derivative Instruments and Foreign Currency - The fair value of derivative instruments included in the balance sheet as of November 30, 2024, showed total derivative liabilities of $1.925 million[78]. - As of November 30, 2024, the gross notional value of foreign currency forward contracts was $180.4 million, a decrease from $188.2 million as of August 31, 2024[78]. - The company recognized a pre-tax derivative loss of $4.1 million in cash flow hedge accounting for the three months ended November 30, 2024[79]. - The total gross notional value of foreign currency forward contracts amounted to $180,419,000, compared to $188,155,000 as of August 31, 2024[260]. Employee and Stock-Based Compensation - Total stock-based compensation expense for the three months ended November 30, 2024, was $13.6 million, down from $14.3 million in the same period of 2023[148]. - The company had 3.3 million employee stock-based awards available for grant under the LTIP as of November 30, 2024[154]. - The estimated fair value of stock options granted on November 1, 2024, was $133.10, with a weighted average exercise price of $458.80[150].

If you’ve worked in banking or investment management, chances are you have used one of FactSet's products. FactSet has one of the best financial research tools on the Street. They have built a moatAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alp ...

FactSet Research (FDS) reported $568.67 million in revenue for the quarter ended November 2024, representing a year-over-year increase of 4.9%. EPS of $4.37 for the same period compares to $4.12 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $565.35 million, representing a surprise of +0.59%. The company delivered an EPS surprise of +1.63%, with the consensus EPS estimate being $4.30.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...