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FactSet Research Systems Announces Fourth Quarter Results
Tuesday, September 22, 2009
FactSet Research Systems Inc. today announced its results for the fourth quarter of fiscal 2009.
- ASV grew $4 million to $619 million
- Revenues rose 1% to $155 million
- EPS advanced 10% to $0.74
- Free cash flow doubled to $60 million
Norwalk, Connecticut – September 22, 2009 – FactSet Research Systems Inc. (NYSE: FDS) (NASDAQ: FDS), a leading provider of integrated financial information and analytical applications to the global investment community, today announced its results for the fourth quarter of fiscal 2009.
For the quarter ended August 31, 2009, revenues increased to $155.5 million, up 1% compared to the prior year. Operating income for the fourth quarter rose to $54 million, an 8% increase from the same period in fiscal 2008. The operating margin advanced to 35%. Net income rose 8% to $36.3 million. Diluted earnings per share increased to $0.74, up 10% from last year.
Philip A. Hadley, Chairman and CEO said, “ASV, clients and users all grew during the fourth quarter. I was very pleased that each of our key metrics showed meaningful improvement sequentially from last quarter. It is premature to call a long-term recovery for our industry, but we believe we may be seeing an encouraging step in the right direction. Looking back on the just completed fiscal year, our EPS grew 19% in one the most challenging operating environments on record.”
