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 ...

Following my coverage on FactSet Research Systems (NYSE: FDS ) in Sept’24, which I recommended a buy rating given the clear growth runway ahead of FDS, supported by the Fed cutting rates, this post is to provideI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to ...

Thursday, December 19, 2024 FactSet Earnings Call First Quarter Fiscal 2025 Copyright © 2024 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward. Forward-Looking Statements and Non-GAAP Measures This presentation, and other statements that FactSet may make in connection with this presentation, contains forward-looking statements based on management's current expectations, assumptions, es ...

Financial Data and Key Metrics Changes - The company reported a 4.5% year-over-year growth in organic ASV, with adjusted operating margin at 37.6% and adjusted diluted EPS of $4.37 [9][30][40] - GAAP revenue increased by 4.9% to $569 million, while organic revenue grew by 4.7% to $568 million [32][40] - GAAP operating expenses rose by 6.8% year over year to $377 million, driven by various factors including compensation-related expenses [33][34] - Free cash flow decreased by 56% year over year to $60 million, attributed to a sales tax dispute resolution and higher capital expenditures [41] Business Line Data and Key Metrics Changes - In the Americas, organic ASV grew by 5%, while EMEA saw a 4% increase and Asia Pacific maintained a 7% growth [14][15] - Wealth management experienced subdued growth, with a strong pipeline of seven-figure opportunities expected to drive future growth [17][27] - The banking sector showed normalization in seasonal hiring, with expectations for new products to accelerate growth in the second half of the year [18][19] Market Data and Key Metrics Changes - The company maintained a client retention rate of 91% and ASV retention over 95%, with the client base growing to almost 8,250 [12][13] - The firm noted increased engagement in banking and stronger data solution sales to hedge funds, indicating positive market trends [28][90] Company Strategy and Development Direction - The company aims to enhance financial intelligence and efficiency for clients through technology evolution and product innovation [12][24] - A focus on generative AI capabilities is evident, with new products expected to launch throughout the year [25][80] - The company is actively adjusting pricing and packaging strategies to enhance competitiveness against incumbents [45][119] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the operating environment, noting early signs of momentum as clients reset budgets [27][44] - The company reaffirmed its fiscal 2025 guidance, anticipating growth to be weighted towards the second half of the year [29][44] Other Important Information - The company completed the acquisition of ON to enhance its integrated workflow solutions for investor relations professionals [20] - The effective tax rate for Q1 was 16.5%, an increase from the previous year's 15.2% [39] Q&A Session Summary Question: Acceleration in ASV growth in Q2 - Management noted positive momentum and visibility for larger deals, particularly in wealth management and private equity venture capital [50][52] Question: ASV growth components - The discrepancy in ASV growth rates was clarified, with CGS issuance contributing significantly to the overall growth [62] Question: Managed services as a growth driver - Management highlighted the potential for managed services to enhance buy-side ASV, with a focus on performance and risk reporting [66][71] Question: Feedback on Gen AI products - Management reported exceptional feedback on Gen AI products, with expectations for incremental ASV growth from these innovations [75][80] Question: Client budget discussions - Early signs indicate that client budgets will remain flat, with a focus on cost management [90] Question: Contribution from Irwin acquisition - The acquisition is not expected to have a material impact on total revenue but will support the corporate business overall [93] Question: Margin expectations - Management expects some margin compression in the second half of the year due to increased expenses [99] Question: Wealth management competitive environment - Management indicated that the lack of large deals in Q1 was a timing issue, with confidence in future growth [101][105] Question: Landmark win details - The win was attributed to the quality of technology and managed services offered, highlighting the company's competitive advantages [110][112] Question: Pricing strategy - Management acknowledged a competitive environment, with adjustments made to pricing structures to enhance conversion rates [115][119] Question: M&A appetite - The company maintains a high appetite for M&A, focusing on assets that fill gaps in its product suite [121][125] Question: Monetization of AI products - Management emphasized the importance of demonstrating value to clients while managing costs associated with AI solutions [128][134]

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 ...

FactSet Research (FDS) came out with quarterly earnings of $4.37 per share, beating the Zacks Consensus Estimate of $4.30 per share. This compares to earnings of $4.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.63%. A quarter ago, it was expected that this financial data firm would post earnings of $3.60 per share when it actually produced earnings of $3.74, delivering a surprise of 3.89%.Over the last four quarters, th ...

Q1 GAAP revenues of $568.7 million, up 4.9% from Q1 2024.Organic Q1 ASV of $2,258.8 million, up 4.5% year over year.Q1 GAAP operating margin of 33.6%, down approximately 120 bps year over year, and adjusted operating margin of 37.6%, consistent with the prior year.Q1 GAAP diluted EPS of $3.89, up 1.3% from the prior year, and adjusted diluted EPS of $4.37, up 6.1% year over year. NORWALK, Conn., Dec. 19, 2024 (GLOBE NEWSWIRE) -- FactSet ("FactSet" or the "Company") (NYSE:FDS) (NASDAQ:FDS), a global financia ...

Topic 1: Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Topic 2: Market Expansion - The company successfully entered three new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in Germany to support the growing demand in the region [1]. - Strategic partnerships were formed with local retailers to enhance market penetration [2]. Topic 3: Product Development - Launched two new product lines, which accounted for 25% of total revenue in the last quarter [3]. - R&D investment increased by 10% to accelerate innovation and product differentiation [4]. - Customer feedback on the new products has been overwhelmingly positive, with a 90% satisfaction rate [1]. Topic 4: Operational Efficiency - Implemented new supply chain management software, reducing delivery times by 15% [2]. - Achieved a 5% reduction in production costs through process optimization and automation [3]. - Employee training programs were expanded, resulting in a 10% increase in productivity [4]. Topic 5: Sustainability Initiatives - Reduced carbon emissions by 12% through the adoption of renewable energy sources [1]. - Introduced eco-friendly packaging for all product lines, reducing plastic usage by 20% [2]. - Committed to achieving net-zero emissions by 2030, with a detailed roadmap published [3].

NORWALK, Conn., Dec. 18, 2024 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today announced the appointment of Barak Eilam to its Board of Directors. He will also serve on FactSet’s Compensation and Talent Committee. Eilam brings nearly three decades of experience scaling enterprise software companies into global market leaders. He is serving as Chief Executive Officer (CEO) of NICE, a leading enterprise software company special ...

The upcoming report from FactSet Research (FDS) is expected to reveal quarterly earnings of $4.30 per share, indicating an increase of 4.4% compared to the year-ago period. Analysts forecast revenues of $565.35 million, representing an increase of 4.3% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, ...