.September 19, 2024 09:34 AM

FactSet Research Systems Inc. (NYSE:FDS) saw its shares rise over 3% pre-market after reporting strong fourth-quarter results. The company posted adjusted earnings per share of $3.74, beating expectations of $3.62, with revenue growing by 4.9% to $562.2 million.

However, FactSet’s fiscal 2025 earnings guidance of $16.80-$17.40 per share fell short of analyst estimates, disappointing Wall Street which had forecast $17.36. The company’s full-year revenue outlook of $2.29-$2.31 billion was in line with expectations.

In the fourth quarter, FactSet’s organic revenue grew by 5% year-over-year, with its annual subscription value plus professional services increasing 4.8% to $2.27 billion. The company’s adjusted operating margin also improved to 35.8%.

Looking ahead, FactSet projects organic annual subscription value growth of 4-6% for the full 2025-year. The company ended the quarter with 8,217 clients, a 3.7% increase from the previous year.