FactSet Research Systems Inc. (NASDAQ:FDS): A Comprehensive Analysis of a Leading Financial Data and Analytics Provider

Published on September 24, 2024 | Ticker: FDS

Overview

FactSet Research Systems Inc. (NASDAQ:FDS) is a global financial digital platform and enterprise solutions provider that delivers expansive data, sophisticated analytics, and flexible technology to the investment community. With a rich history spanning over 40 years, FactSet has established itself as a trusted partner for investment professionals, offering a comprehensive suite of products and services that cater to their evolving needs.

Financials

FactSet's financial performance showcases its resilience and ability to navigate challenging market conditions. For the fiscal year 2024, FactSet has provided updated guidance. The company now expects revenues to be in the range of $2.18 billion to $2.19 billion for the year. The company's strong cash flow generation is evident, with annual operating cash flow of $645,573,000 and free cash flow of $584,787,000.

In the latest quarter ended May 31, 2024, FactSet reported revenues of $552,708,000, a 4.3% increase compared to the same period in the prior year. The company's operating income for the quarter stood at $202,459,000, representing a 17.7% increase year-over-year. Diluted earnings per share (EPS) for the quarter was $4.09, up 18.2% from the prior-year period.

Segmental Performance

FactSet operates through three reportable segments: the Americas, EMEA, and Asia Pacific. In the third quarter of fiscal 2024, the Americas segment generated revenues of $356,468,000, a 5.6% increase compared to the same period in the prior year. The EMEA segment reported revenues of $141,279,000, a 2.4% increase, while the Asia Pacific segment saw a 1.5% increase in revenues to $54,961,000.

The company's geographic diversification has been a key strength, allowing it to capitalize on growth opportunities across different regions. The Americas segment continues to be the largest contributor, accounting for 64.5% of total revenues in the third quarter. The EMEA and Asia Pacific segments contributed 25.6% and 9.9% of total revenues, respectively.

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FactSet Research Systems Inc. (FDS) is a leading global provider of integrated financial data, analytics, and technology solutions for investment professionals, advisors, and corporations. The company has a rich history of innovation and growth, positioning it as a trusted partner for clients seeking to unlock valuable insights and drive informed decision-making.