FACTSET RESEARCH SYSTEMS Reports FY2024 Q1 Earnings Results for Quarter Ending November 30 2023

🌥️Earnings Overview

On December 19 2023, FACTSET RESEARCH SYSTEMS ($NYSE:FDS) announced their earnings results for the quarter ending November 30 2023. For the period that concluded Fiscal Year 2024’s Q1, total revenue increased 7.4% year over year to USD 542.2 million, and net income rose 8.6% to USD 148.6 million.

Market Price

The company’s stock opened up at $445.0 and closed at $448.6, representing a decrease of 2.1% from the last closing price of 458.5. Despite the positive financial results, investors responded with negative sentiment and pushed the stock price lower. In conclusion, FACTSET RESEARCH SYSTEMS’ FY2024 Q1 earnings results were overall positive, despite investors responding negatively to some of the company’s announcements. The company’s revenues and net income experienced a healthy growth, as well as an increase in operating and gross margins. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for FDS. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for FDS. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for FDS. More…

Key Ratios Snapshot

Some of the financial key ratios for FDS are shown below. More…

Analysis

At GoodWhale, we conducted an analysis on FACTSET RESEARCH SYSTEMS’s financials. Our star chart revealed that FACTSET RESEARCH SYSTEMS is strong in dividend, growth, profitability, and weak in asset. Additionally, FACTSET RESEARCH SYSTEMS has a high health score of 9/10 with regard to its cashflows and debt, making it capable to safely ride out any possible crisis without the risk of bankruptcy. Therefore, we have classified FACTSET RESEARCH SYSTEMS as a ‘gorilla’, a type of company that achieved stable and high revenue or earnings growth due to its strong competitive advantage. Given the strong performance of FACTSET RESEARCH SYSTEMS, we believe investors interested in growth and stability will be interested in this company. These types of investors may include mutual funds, pension funds, hedge funds, venture capitalists, or individual investors looking for a long-term investment with the potential for growth. More…

Peers

Its main competitors are London Stock Exchange Group PLC, QuoteMedia Inc, and Euromoney Institutional Investor PLC. All three companies are major players in the financial data and analytics industry, with FactSet holding a slight edge in terms of market share.

– London Stock Exchange Group PLC ($LSE:LSEG)

London Stock Exchange Group PLC has a market cap of 40.89B as of 2022, a Return on Equity of 3.86%. The company operates a number of stock exchanges in the United Kingdom, including the London Stock Exchange, which is the largest stock exchange in Europe. In addition to stock exchanges, the company also provides trading, clearing, and settlement services for a variety of financial instruments.

– QuoteMedia Inc ($OTCPK:QMCI)

QuoteMedia, Inc. provides digital financial content and technology solutions for the financial services industry in North America and internationally. It operates in two segments, Content and Enterprise. The Content segment offers real-time stock market quotes, news, charts, and research data through its Quotestream product suite to retail and institutional investors, media, and individual investors; and web-based solutions and data products, including Stockhouse.com, an online investment community for Canadian investors. This segment also provides premium subscription-based data products, such as Portfolio123 and MarketQA, as well as content licensing services. The Enterprise segment offers data products and services to broker-dealers, investment advisors, and other financial institutions. This segment provides technology solutions to power trading platforms, client portals, and other Web-based applications; and data integration solutions that enable the distribution of real-time content on desktop applications, mobile devices, and third-party Web sites. The company was founded in 1999 and is headquartered in Montreal, Canada.

– Euromoney Institutional Investor PLC ($LSE:ERM)

Euromoney Institutional Investor PLC is a provider of business information and research for the global financial markets. The company has a market capitalization of 1.58 billion as of 2022 and a return on equity of 2.93%. The company’s products and services include news, analysis, and research on the global financial markets, as well as data and intelligence on companies, industries, and economies. Euromoney Institutional Investor PLC is headquartered in London, the United Kingdom.

Summary

FACTSET RESEARCH SYSTEMS released impressive results for their first quarter of FY2024, showing strong growth in both revenue and net income. Total revenue increased by 7.4% year-over-year, amounting to USD 542.2 million. Net income also grew 8.6%, to USD 148.6 million.

These results demonstrate the company’s ongoing success and offer investors the potential for appreciation in the near future. FACTSET RESEARCH SYSTEMS has consistently delivered strong results, making it an attractive investment opportunity for those looking to capitalize on a growing company.