Factset Resh Sys Inc Stock Price, News & Analysis

FactSet Research Systems has appointed Elisha Wiesel to its Board of Directors. Wiesel brings extensive experience, having spent 25 years at Goldman Sachs, where he held leadership roles including Chief Risk Officer. He is a founding partner of ClearAlpha Technologies and chair of Entrio, an Israeli fintech start-up. Wiesel expressed his excitement about joining FactSet, known for its innovative culture and focus on engineering talent. Robin Abrams, Chair of the Board, highlighted Wiesel's knowledge of the markets and technology, anticipating that his contributions will enhance FactSet's innovation and performance.

FactSet reported Q2 fiscal 2023 revenues of $515.1 million, a 19.5% increase from the previous year, primarily driven by the acquisition of CUSIP Global Services and higher sales in Content & Technology and Analytics & Trading. GAAP operating margin grew to 32.9%, while diluted EPS jumped 19.0% to $3.38. The company revised its fiscal 2023 guidance, projecting ASV plus professional services growth of 7%-9% and adjusted EPS growth of 8%-11%. Adjusted EBITDA also increased significantly by 35.8% to $199.7 million.

FactSet (NYSE: FDS | NASDAQ: FDS) will host a Fixed Income/Bond Holder conference call on April 13, 2023, from 9:30 a.m. to 10:30 a.m. Eastern Time. CEO Phil Snow and CFO Linda Huber will discuss the company’s recent performance, followed by a live Q&A session. Participants must register in advance to receive dial-in details. A replay of the call will be available on the investor relations website after 1:00 p.m. on the same day and until April 13, 2024. FactSet supports over 7,000 clients globally, providing financial data and analytics, and has been recognized for its workplace environment.