FDS - Why Financial Digital Platform FactSet Research Shares Are Declining Today | Benzinga
FactSet Research Systems Inc (NYSE: FDS) reported Q1 FY24 sales growth of 7.4% Y/Y to $542.2 million, marginally beating the consensus of $540.36 million.
Organic revenue rose 7.2% Y/Y to $541.4 million, aided by higher Wealth sales and increased data sales.
Adjusted EPS of $4.12 beat the consensus of $4.11.
As of November 30, 2023, the client count was 7,945, a net increase of 24 clients in the past three months, primarily driven by the rise in private equity/venture capital, corporates, and wealth management clients.
Adjusted operating margin contracted to 37.6% (-69 bps Y/Y) due to higher technology expenses. EBITDA was $219.0 million, up ...