Financial Highlights
Fiscal 2009 was a challenging year for just about any business, yet our Company was still able to deliver high levels of profitability, while continuing to invest heavily in our future.
Over the past three decades, a lot has changed at FactSet. Throughout, our commitment to our corporate values has kept FactSet focused on our clients, profitable for our shareholders, honest with each other, and exciting for employees. We are pleased to announce that for 2009, our 31th year of operation, we recorded our 29th consecutive year of revenue growth.
In the most difficult operating environment on record, our business returned double-digit earnings per share growth in every quarter of 2009. For fiscal year 2009, revenues grew 8% to $622 million and diluted earnings per share grew 19% to $2.97. The number of clients subscribing to our services as of August 31, 2009 totaled 2,045 and our workstation count, which is a measure of the number of financial professionals within our client base that use our services, was 37,300.
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2009 Financial Highlights
(1) Total pre-tax stock-based compensation was $13.6 million in fiscal 2009.
(2) Includes $9.1 million (after-tax) of stock-based compensation and income tax benefits of $4.0 million primarily from the reenactment of the U.S. Federal R&D tax credit in October 2008, finalizing prior year tax returns, adjusting certain reserves to reflect the lapse of statute of limitations and a benefit from repratriating foreign earnings to the U.S.
(3) Total pre-tax stock-based compensation was $13.7 million in fiscal 2008 that includes a pre-tax charge of $2.4 million related to an increase in the number of performance-based stock options that vested in August 2008.
(4) Includes $9.0 million (after-tax) of stock-based compensation.
