FactSet Research Systems Inc.
FactSet Announces Laurie Hylton's Election to Board and Q2 2024 Results
Summary
On March 19, 2024, FactSet Research Systems Inc. elected Laurie Hylton as a director, adding significant financial industry experience to its board. In its second quarter fiscal 2024 results announced on March 21, 2024, FactSet reported GAAP revenues of $545.9 million, up 6.0% year-over-year, with organic ASV plus professional services at $2,209.5 million, a 5.4% increase. Adjusted diluted EPS increased by 11.1% to $4.22 compared to the prior year. The company also announced a quarterly dividend of $0.98 per share and a share repurchase program continuing with $187.8 million remaining available.
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About FactSet Research Systems Inc.
FactSet Research Systems Inc. is a leading provider of financial data and analytic applications for investment professionals across the globe. The primary function of this company is to deliver essential insight and information, helping analysts, portfolio managers, and financial advisors make informed investment decisions. FactSet’s comprehensive database covers a wide range of sectors including equities, fixed income, credit, and commodities, providing seamless access to real-time data, structured analysis tools, and advanced screening capabilities. Its innovative technology solutions cater to the unique needs of financial institutions such as asset managers, hedge funds, and investment bankers. FactSet is recognized for its ability to integrate various financial data feeds into one platform, enhancing productivity and efficiency in research workflows. This company plays a significant role in the financial market by enabling users to aggregate, monitor, and manage vast arrays of financial information, thereby supporting strategic decision-making processes. With its pledge to deliver exceptional client service, FactSet continues to be a pivotal resource for financial market professionals worldwide.
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