FactSet Guides Higher

FactSet Research Systems (FDS) reported fiscal fourth-quarter earnings this morning. For the June through August period, the company earned 74 cents a share compared with 67 cents last year. That matched Wall Street’s estimate. Revenue rose 1% to $155 million which slightly better than estimates.
Here are some highlights of the quarter listed by the company:

* Client count was 2,045 at August 31, 2009, a net increase of 12 clients during the quarter.
* Professionals using FactSet increased to 37,300, up 200 users.
* Portfolio Analytics (“PA”) 2.0 was deployed by 647 clients representing 5,640 users. PA users increased by 40 during the quarter, while the number of PA clients remained the same as the previous quarter.
* Annual client retention rate was greater than 95% of ASV and 87% of clients.
* Employee count at August 31, 2009 was 2,962, up 412 employees during the quarter.
* Common shares outstanding at August 31, 2009 were 46.7 million. The Company repurchased 594,600 shares during the quarter and $102 million remains authorized for future repurchases.

For their first quarter, FactSet sees EPS ranging between 73 and 75 cents which is higher than the Street’s consensus of 71 cents. The shares have been up as much as 10% to a new 52-week high.

Posted by on September 22nd, 2009 at 10:37 am


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