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FactSet Research Systems Inc (FDS) delivers critical financial data and analytics solutions to institutional investors worldwide. This dedicated news hub provides authorized updates on corporate developments, strategic initiatives, and technological advancements shaping the company’s trajectory.
Access real-time press releases covering quarterly earnings, product innovations, and strategic partnerships. Investors gain a centralized resource for monitoring FactSet’s AI-driven research tools, acquisition activity, and leadership updates that influence financial markets.
Our curated news collection serves portfolio managers, analysts, and financial institutions requiring timely insights into FactSet’s market position. Bookmark this page for continuous access to verified updates on workflow automation enhancements, client service expansions, and regulatory developments affecting financial data services.
FactSet (NYSE: FDS) announced a quarterly cash dividend of $0.89 per share, which will be paid on September 15, 2022. Shareholders of record as of the close of business on August 31, 2022 will receive this dividend. FactSet continues to deliver high-quality financial information and analytical tools to over 173,000 users worldwide, reinforcing its reputation as a leader in the financial services industry.
FactSet (NYSE:FDS) has announced a multi-year partnership with CID, an AI software innovator, to enhance its AI capabilities. This collaboration aims to create a joint data lake that integrates unstructured web content with FactSet's structured datasets. The partnership will enable FactSet clients to derive actionable insights, improving operational efficiency and client engagement. The initiative is expected to yield additional AI-related products and services, further solidifying FactSet's position in the financial analytics market.
FactSet launched FactSet for CRM on Salesforce AppExchange, enhancing client pipeline visibility with integrated market intelligence notifications. This managed application allows users to monitor news and events related to current and prospective clients. FactSet's integration provides reliable data and improved efficiency within Salesforce, promoting personalized customer experiences. Executive comments highlight the significance of this launch in enriching client conversations. FactSet's inclusion in the S&P 500 and high rankings in diversity practices showcase its industry reputation.
FactSet (NYSE:FDS) announced a commitment to set a near-term emission reduction target in alignment with the Science Based Targets Initiative (SBTi), alongside a future goal of achieving net zero emissions by 2040. This pledge follows recent sustainability initiatives, including an executive-sponsored Sustainability Committee and a detailed Sustainability Report. FactSet aims to drive a zero-emissions economy, evidencing its commitment through participation in the United Nations Global Compact and the Principles for Responsible Investing.
State Street and FactSet have announced a strategic partnership aimed at integrating State Street Alpha with FactSet's strengths. This collaboration is designed to streamline data flows across various investment operations, enhancing client experience from portals to custody services. The integration will also support real-time updates of portfolio data and compliance management, aligning with both companies' objectives to provide greater analytics and insights for clients.
FactSet reported Q3 2022 GAAP revenues of $488.8 million, marking a 22.3% increase from Q3 2021, driven by the acquisition of CUSIP Global Services and stronger sales. Organic revenue grew 10.5% to $441.7 million. The GAAP operating margin decreased to 19.9%, while adjusted operating margin improved to 36.6%. GAAP diluted EPS fell 26.3% to $1.93, but adjusted diluted EPS rose 38.2% to $3.76. FactSet reaffirmed its fiscal 2022 guidance, expecting growth at the upper end of previous estimates.
FactSet (NYSE:FDS) has been awarded the 2022 Financial Services Industry Partner of the Year by Snowflake at the Snowflake Summit 2022. This accolade recognizes FactSet's integration with the Snowflake Data Cloud, allowing joint clients to efficiently manage financial data. The collaboration enhances data sharing and processing, which has been commended by clients like Causeway Capital Management. FactSet aims to continue its collaboration with Snowflake to deliver exceptional value and facilitate more clients' migration to the Data Cloud.
FactSet (NYSE: FDS) will release its financial results for the third quarter of fiscal 2022, covering the period ending May 31, 2022, on June 23, 2022. A conference call will be held at 11:00 a.m. ET on the same day to discuss these results, with U.S. participants able to call 833.726.6487 and international participants calling 830.213.7677 using passcode 5988244. An archived webcast will be accessible for one year on the investor relations website.
FactSet (NYSE:FDS | NASDAQ:FDS) announced that Linda Huber, the Chief Financial Officer, will participate in a virtual fireside chat at the Barclays Americas Select Franchise Conference on May 11, 2022, at 5:00 a.m. EDT. Investors can access a live webcast and replay via the company's investor relations website.
FactSet announced an 8.5% increase in its quarterly cash dividend, raising it from $0.82 to $0.89 per share. This increase marks the twenty-third consecutive year of dividend hikes, reflecting the company’s commitment to shareholder value. The new dividend will be payable on June 16, 2022, to shareholders of record by May 31, 2022. FactSet is recognized for its comprehensive financial analytics and has been added to the S&P 500, showcasing its growth and stability in the financial information sector.
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