NORWALK, Conn., March 12, 2024 (GLOBE NEWSWIRE) -- FactSet, a global financial digital platform and enterprise solutions provider, today announced the release of Transcript Assistant, a GenAI-powered, conversational chatbot that accelerates in-depth research and analysis of earnings call transcripts. Transcript Assistant leverages generative AI (GenAI) to help users search, analyze, and extract valuable, actionable insights from all transcripts in FactSet, ultimately enhancing the investment research proces ...

NORWALK, Conn., Feb. 15, 2024 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS, NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, announced today that it will release its financial and operating results for the second quarter fiscal 2024, ending February 29, 2024, on Thursday, March 21, 2024. FactSet will also host a conference call to discuss these results at 11:00 a.m. Eastern Time on Thursday, March 21, 2024. The following information is provided for investors who would like to par ...

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Washington, D.C. 20549 _________________________________________________ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-Q _________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to ______ Commission File Number: 1-11869 ...

Financial Data and Key Metrics Changes - In Q1 2024, the company achieved organic ASV plus professional services growth of 7.1% year-over-year, with adjusted diluted EPS of $4.12 and an adjusted operating margin of 37.6% [4][129] - GAAP revenue increased by 7% to $542 million, while organic revenue also grew by 7% to $541 million, driven by higher wealth sales and increased sales of data [129] - Adjusted EPS increased by 3.3% to $4.12, influenced by revenue growth but offset by margin compression and a higher tax rate [131] Business Line Data and Key Metrics Changes - The wealth management segment saw significant growth due to a marquee deal, contributing to an acceleration in ASV growth in the Americas to 7.9% [124][125] - EMEA organic ASV growth decelerated to 5.4%, primarily due to a slowdown in core buy-side markets in the U.K. and France [106] - Asia Pacific delivered organic ASV growth of 8%, driven by solid gains with asset owners, despite seasonal banking layoffs [106] Market Data and Key Metrics Changes - The company noted that client budgets remain restricted due to lower deal-making volume, layoffs, and geopolitical uncertainty, impacting near-term forecasts [105] - The Federal Reserve's decision to hold rates constant and signal potential rate cuts next year has positively influenced market sentiment, although capital markets recovery is expected to take time [8][105] Company Strategy and Development Direction - The company is implementing a cost reduction program in Q2 FY '24 to support investments in multi-year initiatives, including AI strategic investments [5] - The launch of FactSet Mercury, a conversational AI interface, is expected to enhance user experience and drive future growth [107][39] - The company remains focused on balancing sustainable margin expansion with investments to drive top-line growth, despite the uncertain environment [133] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term prospects of the company, citing strong demand for high-value products and increased interest from global firms [7][54] - The anticipated market recovery is now expected to occur later than previously thought, with revised guidance reflecting a growth rate of approximately 6% [132] - Management acknowledged challenges in the current macro environment, including pricing pressures and delayed decision-making from clients [44][105] Other Important Information - The company repurchased 135,950 shares for $59.9 million at an average price of $440.67, with a target of $250 million in share repurchases for fiscal 2024 [11] - Free cash flow for the quarter was $139 million, an increase of 56% year-over-year, driven by higher cash collections [112] Q&A Session Summary Question: What are the expectations for client budgets for next year? - Management indicated that client budgets are expected to improve as more dollars are allocated to technology and GenAI, positioning the company well to take advantage of this trend [95] Question: How is the company addressing cost savings? - The company plans to implement a $10 million to $15 million charge in Q2 FY '24, focusing on variable and personnel-related costs to align expenses with revenues [51][120] Question: What impact is the Credit Suisse acquisition having on the company? - Management noted that the acquisition has led to some conservative estimates regarding revenue impact, particularly in the second quarter [140]

December 19, 2023 Forward-Looking Statements and Non-GAAP Measures Many factors, including those discussed more fully in FactSet's filings with the Securities and Exchange Commission, particularly our latest annual report on Form 10-K and quarterly reports on Form 10-Q, could cause results to differ materially from those stated. These documents are available on our website at http://investor.factset.com and on the SEC's website at http://www.sec.gov. FactSet believes our expectations and assumptions are rea ...

```markdown [PART I](index=5&type=section&id=Part%20I) [ITEM 1. BUSINESS](index=5&type=section&id=ITEM%201.%20BUSINESS) FactSet Research Systems Inc. is a global financial digital platform and enterprise solutions provider, offering data, analytics, and technology to nearly 8,000 clients and 190,000 investment professionals. The company's strategy focuses on expanding its digital platform, ensuring execution excellence, and fostering a growth mindset, with a recent internal organizational realignment to better serve client firm types (Institutional Buyside, Dealmakers, Wealth, and Partnerships & CGS) - FactSet is a global financial digital platform and enterprise solutions provider, serving nearly **8,000** clients and almost **190,000** investment professionals as of August 31, **2023**[16](index=16&type=chunk)[17](index=17&type=chunk) - The company's strategy involves expanding its digital platform, enhancing content refinery, leveraging AI for efficiency, ensuring execution excellence through innovation and sales force commitment, and fostering a growth mindset by investing in talent and strategic partnerships[21](index=21&type=chunk)[22](index=22&type=chunk) - Effective September 1, **2023**, FactSet revised its internal organization by firm type into 'Institutional Buyside', 'Dealmakers', 'Wealth', and 'Partnerships & CGS', reassigning CTS activities across these new groups[27](index=27&type=chunk)[34](index=34&type=chunk)[351](index=351&type=chunk) Client and User Growth (FY2023 vs. FY2022) | Metric | August 31, 2023 | August 31, 2022 | Net Increase | % Increase | | :-------------------- | :-------------- | :-------------- | :----------- | :--------- | | Total Clients | 7,921 | 7,538 | 383 | 5.1% | | Total Users | 189,972 | 179,982 | 9,990 | 5.6% | Geographic Segment Revenues and Operating Income (FY2023) | Segment | Revenues (in thousands) | Operating Income (in thousands) | | :----------- | :---------------------- | :------------------------------ | | Americas | $1,335,484 | $239,438 | | EMEA | $539,843 | $243,028 | | Asia Pacific | $210,181 | $146,741 | | **Total** | **$2,085,508** | **$629,207** | [Business Overview](index=5&type=section&id=Business%20Overview) - FactSet provides a global financial digital platform and enterprise solutions, delivering data, analytics, and flexible technology to investment professionals across various client types[16](index=16&type=chunk)[17](index=17&type=chunk) - Revenues are primarily from subscriptions to multi-asset class data and solutions, including workstations, portfolio analytics, and enterprise solutions, supported by a 'content refinery' and dedicated client service[17](index=17&type=chunk)[18](index=18&type=chunk) [Corporate History](index=5&type=section&id=Corporate%20History) - FactSet was founded in **1978**, went public in June **1996**, and has been a member of the S&P **500** since December **2021**, dual-listed on NYSE and NASDAQ under 'FDS'[20](index=20&type=chunk) [Business Strategy](index=5&type=section&id=Business%20Strategy) - FactSet's strategy is to build a leading open content and analytics platform and powerful enterprise solutions, offering personalized digital products and striving to be a trusted partner[21](index=21&type=chunk) - Key initiatives include: * **Expanding Digital Platform**: Scaling content refinery, providing granular and real-time data, and expanding AI use for task automation and natural language queries * **Ensuring Execution Excellence**: Innovating technology for content collection, enhancing sales force productivity, and optimizing operations * **Fostering a Growth Mindset**: Recruiting and empowering a diverse workforce, investing in talent, and pursuing strategic partnerships and acquisitions[22](index=22&type=chunk)[23](index=23&type=chunk) [Research & Advisory](index=6&type=section&id=Research%20%26%20Advisory) - Research & Advisory provides content and workflow solutions for investment bankers, wealth advisors, analysts, and portfolio managers, enabling idea generation, company analysis, and portfolio management through workstations, RMS, and CRM tools[24](index=24&type=chunk) [Analytics & Trading](index=6&type=section&id=Analytics%20%26%20Trading) - Analytics & Trading offers comprehensive solutions for institutional asset managers and owners, connecting front office tools (research, portfolio construction, order management) with middle office workflows (performance, risk management, reporting) in a flexible, multi-asset class system[25](index=25&type=chunk) [Content & Technology Solutions (CTS)](index=6&type=section&id=CTS) - CTS delivers data directly to clients via multiple channels, including APIs and cloud infrastructures, offering market, company, and alternative data, along with data management solutions and CUSIP Global Services (CGS) for financial instrument identification[26](index=26&type=chunk) [Revised Organizational Approach](index=6&type=section&id=Revised%20Organizational%20Approach) - Effective September 1, **2023**, FactSet reorganized internally by firm type to better align with clients, creating 'Institutional Buyside', 'Dealmakers', and 'Wealth' groups, and combining 'Partnerships and CGS' The activities of CTS will be reassigned to these new groups[27](index=27&type=chunk)[34](index=34&type=chunk)[351](index=351&type=chunk) [FactSet Clients](index=7&type=section&id=FactSet%20Clients) - Buy-side clients, including asset managers, wealth managers, and hedge funds, represent **82%** of FactSet's organic ASV, with an annual growth rate of **6.9%** as of August 31, **2023**[34](index=34&type=chunk)[35](index=35&type=chunk) - Sell-side clients, primarily broker-dealers and banking firms, account for **18%** of organic ASV, with an annual growth rate of **9.3%** as of August 31, **2023**[36](index=36&type=chunk)[37](index=37&type=chunk) [Client and User Additions](index=8&type=section&id=Client%20and%20User%20Additions) Client and User Additions (FY2023 vs. FY2022) | Metric | August 31, 2023 | August 31, 2022 | Net Increase | % Increase | | :-------------------- | :-------------- | :-------------- | :----------- | :--------- | | Total Clients | 7,921 | 7,538 | 383 | 5.1% | | Total Users | 189,972 | 179,982 | 9,990 | 5.6% | - Annual ASV retention was greater than **95%** for fiscal years **2023** and **2022**, while client retention was approximately **91%** in **2023**, a slight decrease from **92%** in **2022**[40](index=40&type=chunk) [Financial Information on Geographic Areas](index=8&type=section&id=Financial%20Information%20on%20Geographic%20Areas) - FactSet operates through three reportable segments: Americas, EMEA, and Asia Pacific, managed based on geographic markets Segment revenues are based on client location, with certain corporate and data center expenses recorded in the Americas and content collection center expenses allocated by revenue percentage[41](index=41&type=chunk)[42](index=42&type=chunk)[44](index=44&type=chunk) Segment Revenues and Operating Income (FY2023 vs. FY2022 vs. FY2021) | Segment | 2023 Revenues ($K) | 2022 Revenues ($K) | 2021 Revenues ($K) | 2023 Operating Income ($K) | 2022 Operating Income ($K) | 2021 Operating Income ($K) | | :----------- | :----------------- | :----------------- | :----------------- | :------------------------- | :------------------------- | :------------------------- | | Americas | $1,335,484 | $1,173,946 | $1,008,046 | $239,438 | $159,140 | $218,180 | | EMEA | $539,843 | $484,279 | $427,700 | $243,028 | $196,231 | $159,704 | | Asia Pacific | $210,181 | $185,667 | $155,699 | $146,741 | $120,111 | $96,157 | | **Total** | **$2,085,508** | **$1,843,892** | **$1,591,445** | **$629,207** | **$475,482** | **$474,041** | [Organic ASV plus Professional Services Growth](index=9&type=section&id=Organic%20ASV%20plus%20Professional%20Services%20Growth) - As of August 31, **2023**, Organic ASV plus Professional Services reached **$2.2 billion**, marking a **7.1%** increase year-over-year, primarily driven by growth in the Americas, EMEA, and Asia Pacific segments, and strong sales in Analytics & Trading, CTS, and Research & Advisory workflow solutions[47](index=47&type=chunk) [Human Capital Management](index=9&type=section&id=Human%20

Financial Data and Key Metrics Changes - The company ended fiscal 2023 with organic ASV plus professional services growth of 7% and delivered annual revenue of $2.1 billion with adjusted EPS of $14.55 [7][50] - GAAP revenue for Q4 increased 7% to $536 million, while organic revenue also increased 7% to $535 million, primarily driven by Analytics & Trading [21][50] - Adjusted EBITDA increased to $172 million, up 8.6% year-over-year, and free cash flow for the quarter was $156 million, an increase of 15% over the same period last year [67] Business Line Data and Key Metrics Changes - Analytics & Trading organic ASV grew by 9%, with growth among asset owners driven by middle office solutions, workstations, and feeds [37] - Content & Technology Solutions (CTS) grew fastest, with organic ASV growth slightly over 9%, driven by channel partners and asset management clients [37] - Research & Advisory grew organic ASV by 5%, with private equity and venture capital clients continuing double-digit growth despite market headwinds [17] Market Data and Key Metrics Changes - Organic ASV growth in the Americas was 7%, driven by asset owners and CTS wins, but offset by weakness among asset and wealth management clients [36] - EMEA saw organic ASV growth close to 8%, with growth in asset owners driven by analytics and middle office solutions [16] - Asia Pacific delivered organic ASV growth of 8%, primarily driven by strong growth in Japan [60] Company Strategy and Development Direction - The company is focusing on enhancing its portfolio manager bot and developing solutions for wealth managers to drive client engagement [10][11] - Strategic investments in generative AI are among the top initiatives for fiscal 2024, with expectations to improve user experience and operational efficiency [29][32] - The company aims to capture additional market share in underpenetrated areas with solutions for senior bankers and investor relations professionals [34] Management's Comments on Operating Environment and Future Outlook - Management expects fiscal 2024 to be a tale of two halves, with continued caution in the first half but an improved operating environment in the second half [19][62] - The company anticipates organic ASV growth of 7% for fiscal 2024, with expectations for improved client sentiment and budget resets at the turn of the calendar year [62] - Management noted that while macro uncertainty contributes to elongated sales cycles, the sales team successfully executed several large wins and renewals [15] Other Important Information - The company repurchased 264,400 shares for $109.6 million and authorized a new share repurchase program of up to $300 million [68] - Adjusted operating margin improved by 210 basis points to 33.6%, exceeding previous guidance [55] - The company expects an effective tax rate of 17% to 18% for fiscal 2024 due to higher pre-tax income and changes in foreign tax rates [48] Q&A Session Summary Question: Insights on the wealth business - Management expressed bullishness on the wealth space, noting opportunities in adjacent workflows and a healthy pipeline despite some client cost-cutting [64][65] Question: Clarification on fiscal 2024 guidance - Management indicated that the guidance assumes improved budgets in the second half, with a focus on technology investments and pricing realization [75][80] Question: Long-term margin expansion strategies - Management highlighted control over costs and the need for continued investment in technology to drive margin expansion [86][87] Question: Growth in employee count and hiring focus - Management plans for a 5% increase in hiring for FY '24, focusing on Centers of Excellence and technology talent [135][138]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________ Form 10-Q _________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to ______ Commission File Number: 1-11869 _____ ...

June 22, 2023 Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only Our purpose is to drive the investment community to see more, think bigger, and do its best work | --- | --- | --- | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | 01 | We are a growth company We drive sustainable growth through continued investment and ex ...