Analytics and Data Provider Sees Strong Performance

  • FactSet Research Systems reported better-than-expected revenue for Q4
  • Net income increased to $89.5 million from $65.1 million a year earlier
  • Adjusted earnings were $3.74 per share, above analysts’ estimates of $3.62
  • Revenue rose to $562.2 million from $535.8 million
  • Growth attributed to wealth, banking, institutional asset managers and asset owners

FactSet Research Systems, an analytics and data provider, reported better-than-expected revenue for its latest quarter, driven by growth in areas including banking and institutional asset managers. The company posted net income of $89.5 million or $2.32 per share, up from $65.1 million or $1.68 a share a year earlier. Adjusted earnings were $3.74 per share, surpassing analysts’ estimates of $3.62. FactSet took a charge of about $54 million related to a previously disclosed Massachusetts sales tax dispute in the quarter, bringing its total charge related to this matter to about $64 million. It doesn’t expect additional material charges related to this matter. Revenue increased to $562.2 million from $535.8 million. Analysts polled by FactSet expected $547.1 million in revenue. The company attributed the growth in revenue to wealth, banking, institutional asset managers, and asset owners. FactSet forecasts revenue between $2.29 billion and $2.31 billion as well as adjusted earnings per-share in the range of $16.80 and $17.40 in fiscal 2025.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about FactSet’s financial performance, including specific numbers and comparisons to analyst expectations. It also includes details on the factors contributing to revenue growth and future forecasts.
Noise Level: 2
Noise Justification: The article provides relevant financial information about FactSet Research Systems’ latest quarter results, including revenue growth and forecasts for future performance. It stays on topic and supports its claims with specific numbers and figures.
Public Companies: FactSet Research Systems (FDS)
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: Financial markets may be impacted by FactSet’s better-than-expected revenue and forecast for future growth in areas such as wealth, banking, institutional asset managers, and asset owners.
Financial Rating Justification: The article discusses FactSet Research Systems’ financial performance, including its revenue, net income, and earnings per share, which are relevant to the finance industry. The company’s growth in specific sectors may have an impact on related financial markets and companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.
Move Size: No market move size mentioned.
Sector: Technology
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

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