From GlobeNewswire: 2024-12-19 07:00:00

FactSet reported Q1 GAAP revenues of $568.7 million, up 4.9% from the previous year, with organic ASV of $2,258.8 million, a 4.5% increase year over year. GAAP diluted EPS was $3.89, up 1.3% from the prior year, and adjusted diluted EPS was $4.37, up 6.1% year over year. The company’s Q1 operating margin decreased to 33.6%, with adjusted operating margin consistent at 37.6%.

FactSet’s ASV at November 30, 2024, was $2,265.9 million, compared to $2,159.4 million in the previous year. Organic ASV was $2,258.8 million, an increase of 4.5% year over year. The buy-side and sell-side organic ASV growth rates were 4.3% and 3.5%, respectively, with buy-side clients accounting for 82% of organic ASV.

Segment revenues and ASV showed growth in the Americas, EMEA, and Asia Pacific regions. The company also reported operational highlights, including client count, user count, and annual ASV retention rates. FactSet also announced various initiatives and acquisitions aimed at enhancing its service offerings.

The company provided its annual business outlook for fiscal 2025, reaffirming expectations for organic ASV growth, GAAP revenues, operating margin, and diluted EPS. FactSet also shared its plan for a share repurchase program and detailed financial results for the first quarter of fiscal 2025.

Overall, FactSet continues to demonstrate growth in key financial metrics and remains committed to delivering value to its clients through innovative solutions and strategic initiatives.



Read more at GlobeNewswire:: FactSet Reports Results for First Quarter 2025