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, ...

This integration empowers private equity firms and investment banks using Mosaic to conduct complex take-private analysis in under one minute, leveraging FactSet's extensive datasets, including fundamental financials, consensus estimates, and real-time market pricing – paired with the user's differentiated judgments on appropriate capital structure and exit for the deal. "We're excited to integrate FactSet's trusted data into Mosaic's advanced platform to enhance the research capabilities available to FactS ...

FactSet Research Systems (FDS) stock has had an impressive run over the past 90 days. Shares have gained 19.2% compared with the 4% growth of the industry it belongs to and the 6.1% rise of the Zacks S&P 500 composite.Image Source: Zacks Investment ResearchThe company’s earnings for fiscal 2025 are expected to increase 4.6% on a year-over-year basis. Revenues for fiscal 2025 are expected to increase 4.4% year over year.Factors That Auger Well For FDSFactSet's IntelligentPlatform integrates conversational AI ...

Client Base and Revenue - As of August 31, 2024, FactSet had over 8,200 clients and 216,000 investment professionals, with annual ASV retention exceeding 95%[15][32] - Revenues from the Americas segment represented 64% of total revenues during fiscal 2024, while EMEA and Asia Pacific accounted for 26% and 10%, respectively[18][19][20] - Buy-side clients comprised approximately 82% of FactSet's Organic ASV as of August 31, 2024, indicating a strong focus on multi-asset class investment strategies[33] - FactSet's revenues are primarily derived from subscriptions to its multi-asset class data and solutions, reflecting a strong recurring revenue model[30] Technology and Product Development - FactSet's artificial intelligence roadmap includes new AI-powered solutions for portfolio performance commentary and natural language queries, enhancing client workflows[29] - The company aims to expand its data offerings, including real-time market data and sustainable finance, to strengthen its position as an enterprise data provider[27] - The company continues to focus on research and product development to enhance existing products and introduce new solutions[39] - Transition to new technologies, including AI, is critical for product development and business scaling, but poses risks of operational disruption[78] Employee and Organizational Structure - As of August 31, 2024, the company had 12,398 employees, an increase of 1.3% compared to the previous year[44] - 70% of employees are located in the Asia Pacific region, with 19% in the Americas and 11% in EMEA[44] - The company achieved an 89% response rate in its fiscal 2024 employee engagement survey, significantly higher than the third-party benchmark[46] - 48% of employees are in Content Operations, 27% in Technology and Product Development, 21% in Sales and Client Solutions, and 4% in Corporate Support[45] Leadership Changes - The Chief Financial Officer role was filled by Helen L. Shan, effective July 23, 2024, overseeing all financial functions[59] - Katherine M. Stepp appointed as Executive Vice President, Chief Technology Officer, effective September 1, 2022, overseeing digital transformation strategy[65] - Catrina Harding appointed as Executive Vice President, Chief People Officer in July 2023, bringing over 20 years of HR experience[66] - Christopher R. Ellis appointed as Executive Vice President, Head of Strategic Initiatives and Partnerships effective November 1, 2023, focusing on client needs in asset management[67] Cybersecurity and Operational Risks - Company emphasizes the importance of cybersecurity, noting risks from data loss, corruption, and unauthorized access, which could damage brand reputation[70] - Significant reliance on third-party service providers for critical functions, increasing vulnerability to cyber-attacks and system failures[71] - The company is in a multi-year project to enhance IT disaster recovery processes, aiming to maximize resiliency and minimize recovery time[77] - The reliance on a single cloud service provider for the majority of cloud computing support in fiscal 2024 poses operational risks if service disruptions occur[76] Market and Economic Challenges - The company continues to face intense competition across all markets, which may lead to price reductions and loss of market share[83] - A shift from active to passive investing could negatively impact user count growth and revenues, as passive investing requires lower fees and less decision-making[85] - A decline in equity and fixed income returns may reduce the buying power of investment management clients, leading to lower demand for the company's products and services[86] - Economic uncertainty and consolidation in the financial services industry could result in a loss of clients and users, adversely affecting business results[87] Financial Position and Debt - As of August 31, 2024, the company's total outstanding principal amount of debt was $1.4 billion, with $250 million of unused commitments under the 2022 Revolving Facility[115] - The company faces risks from fluctuations in currency exchange rates, particularly with the British Pound Sterling, Euro, Indian Rupee, and Philippine Peso, which could impact earnings and cash flows[112] - The company has entered into an interest rate swap agreement to hedge variable interest rate obligations, but a substantial portion of its debt remains exposed to interest rate volatility[124] - The company is experiencing increased risks from cyberattacks, which have become more frequent and sophisticated, potentially impacting its network infrastructure and vendor relationships[72] Regulatory and Legal Risks - The company is subject to ongoing audits by tax authorities, which could result in additional tax assessments and impact its financial results[108] - The company is subject to various legal and regulatory risks, including compliance with laws in multiple jurisdictions, which could increase operational costs[103] - Legislative and regulatory changes may increase costs and limit business practices, potentially impacting revenues and growth[103] Product Development and Market Demand - The company must develop and market new products to maintain its competitive position, as rapid technological changes could render existing products obsolete[89] - Errors or defects in new products may lead to market rejection, damage to reputation, and loss of revenues, highlighting the importance of quality assurance[91] - The increasing availability of free or inexpensive information may reduce demand for the company's products and services[99]

NORWALK, Conn., Oct. 28, 2024 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today announced it has agreed to acquire Irwin, an investor relations and capital markets solution for innovative public companies and their advisors. The acquisition builds on a recent successful partnership that integrates Irwin's award-winning investor relations (IR) CRM with the FactSet Workstation to equip IR professionals with a unified solution to ...