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Corporate Highlights

FactSet Celebrates 35 Years

In a recent interview for an internal employee publication, FactSet founder and retired President and CTO Chuck Snyder was asked what he thought has stayed consistent at FactSet over the past 35 years. He answered, “In those early days of FactSet, we always had nice, hardworking people. I’m not an employee anymore, but everyone I run into at FactSet is of that same ilk: just really nice, hardworking people creating a pleasant working environment. That’s what cofounder Howard Wille and I were always hoping for.”

This 35-year tradition of cooperation and camaraderie continues to define FactSet’s unique culture. Once again, FactSet was named one of FORTUNE’s 100 Best Companies to Work For, one of the UK’s Best Workplaces, and one of France’s Best Workplaces. "These accolades substantiate my belief that FactSet creates an environment that is productive and pleasant for FactSetters, which, in turn, benefits our clients."

2013 Product Highlights

With over 6,200 employees in 15 countries, we collaborate on a global scale to produce, sell, and support numerous new products and countless enhancements to existing products in order to meet the needs of our clients.

We’d like to highlight the following enhancements from fiscal year 2013:

  • We successfully released new versions of the FactSet workstation during fiscal 2013, which translated into speed and software stability improvements for our clients.
  • FactSet’s proprietary multi-year content initiative has come of age. Myriad enhancements to our content offerings, including our estimate, fundamental, and news databases, were incorporated into the workstation during fiscal 2013.
  • Our portfolio analytics product suite maintained its status as the industry standard. Fixed Income Portfolio Analytics, powered by a growing network of servers and FactSet’s new proprietary bond database, experienced strong growth and further strengthened our competitive position in this space.
  • Expansion of our data feed business has created a new revenue opportunity. To meet the demands of new database technology and ever-faster networks, we have created the technology and content infrastructure to deliver standard or highly customized data feeds to our clients.

2013 Financial Highlights

Fiscal 2013 was another successful year for our company as we once again attained record levels of revenues, operating income, net income, and diluted earnings per share.

  • Founded in 1978, public since 1996
  • Dual listed on the New York Stock Exchange and the NASDAQ Stock Market under the symbol "FDS"
  • 29 locations in 15 countries with 6,258 employees
  • 2,500 clients and 50,925 users with access to data from more than 170 data suppliers, 90 news sources, and 100 exchanges
  • $4.8 billion market capitalization
  • Annual subscription value ("ASV") of $888 million as of August 31, 2013
  • 33 consecutive years of revenue growth
  • 17 consecutive years of positive earnings growth as a public company
  • 11 consecutive years of operating margins greater than 31%
  • Revenues were up 6% and diluted earnings per share grew by 8% in fiscal 2013
  • Adjusted diluted earnings per share rose to $4.58, representing an 11% growth over the prior year.
  • $251 million in free cash flow generated during fiscal 2013, up 20% from the prior year
  • Regular quarterly dividend increased by 13%

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