FactSet Research Systems Inc.
FactSet Reports Strong Q3 2024 Financial Results and Updates Fiscal 2024 Guidance
Summary
FactSet Research Systems Inc. reported strong financial results for the third quarter of fiscal 2024, with GAAP revenues of $552.7 million, up 4.3% year over year. Organic revenues grew 4.5%, and GAAP operating margin increased to 36.6%. GAAP diluted EPS was $4.09, up 18.2% from the prior year. FactSet updated its fiscal 2024 guidance, expecting organic ASV plus professional services growth of $85-$120 million, GAAP revenues of $2,180-$2,190 million, adjusted operating margin of 37.0%-37.5%, and adjusted diluted EPS of $16.00-$16.40. The company also announced a 6% increase in its quarterly dividend and provided details on its share repurchase program.
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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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