FactSet Research Systems Reports 20% EPS Growth

Yesterday, FactSet Research Systems (FDS) delivered solid earnings for its fiscal second-quarter. EPS came in at 71 cents, two cents more than estimates. That’s a 20% jump over the 59 cents in made in last year’s Q2. Revenue rose 11.6% to $156.5 million.
For the current quarter, FDS sees EPS coming in between 72 and 74 cents which is higher than the Street’s current consensus of 70 cents.
For the last three months, FactSet saw a net decline of just 12 clients to give them a total of 2,067 clients. The company has 38,700 users after a quarterly decline of 1,500 users.

Posted by Eddy Elfenbein on March 18th, 2009 at 10:06 am

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