NEW YORK - FactSet Research Systems Inc . (NYSE:FDS) (NASDAQ:FDS) reported better-than-expected first quarter results and reaffirmed its full-year 2025 guidance on Thursday.
The financial data and analytics company posted adjusted earnings per share of $4.37, surpassing analyst estimates of $4.25. Revenue rose 4.9% year-over-year to $568.7 million, also topping expectations of $565.1 million.
"Clients increasingly look to us as a partner of choice to bring greater productivity and unlock efficiencies across their enterprise workflows," said CEO Phil Snow.
Organic revenue, which excludes acquisitions and currency impacts, grew 4.7% in the quarter. Annual Subscription Value (ASV) increased 4.5% organically to $2.26 billion.
FactSet maintained its fiscal 2025 outlook, projecting adjusted EPS of $16.80-$17.40 versus consensus estimates of $17.19 on revenue of $2.29-$2.31 billion, in line with consensus estimates of $2.3 billion.
The company's operating margin contracted to 33.6% from 34.9% last year, primarily due to higher amortization and professional fees. However, the adjusted operating margin held steady at 37.6%.
FactSet repurchased 104,475 shares for $48.8 million during the quarter at an average price of $467 per share. As of November 30, $251.2 million remained available under its share repurchase program.
"We are off to a good start in fiscal 2025 and achieved solid operating performance through sustained cost discipline and execution against our growth initiatives and capital strategy," said CFO Helen Shan.
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