FactSet Research Systems Inc.
FactSet Reports Strong Q4 2024 Results and Announces New Share Repurchase Program
Summary
FactSet Research Systems Inc. reported strong financial results for Q4 2024, with GAAP revenues increasing by 4.9% to $562.2 million and organic ASV plus professional services growing by 4.8% to $2,272.8 million. The company also announced a new share repurchase program of up to $300 million. Additionally, the Board of Directors amended the Bylaws to revise the ownership threshold for calling a special meeting of stockholders from 50% to 25%.
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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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