logo
Plus   Neg
Share
Email

FactSet Updates FY19 Expectations - Quick Facts

FactSet (FDS) updated its GAAP EPS and adjusted EPS outlook for fiscal 2019. GAAP EPS is now expected to be in the range of $8.70 and $8.85. Adjusted EPS is now expected to be in the range of $9.50 and $9.65. The mid-point of the guidance represents a 12% growth over the prior year. In December 2018, the company projected: GAAP EPS to be in the range of $8.70 and $8.90; and adjusted EPS in the range of $9.45 and $9.65.

For fiscal 2019, the company continues to expect: organic Annual Subscription Value plus professional services to increase in the range of $75 million and $90 million over fiscal 2018; and GAAP revenues in the range of $1.41 billion and $1.45 billion.

For the second-quarter, earnings per share increased to $2.19 compared with $1.33, a year ago. Adjusted EPS rose 14.2% to $2.42 compared with $2.12 in the prior period driven primarily by stronger operating results, the company said.

For the second-quarter, Annual Subscription Value plus professional services increased to $1.44 billion at February 28, 2019 compared with prior year of $1.37 billion. Second-quarter organic ASV plus professional services grew $21.0 million over prior year. The organic growth rate was 6.0%, for the quarter.

For the second-quarter, revenues increased 5.9% to $354.9 million compared with $335.2 million, prior year. The company said the increase is primarily due to higher sales of analytics, content and technology solutions (CTS) and wealth management solutions. Organic revenues grew 5.7% to $356.5 million, during the quarter.

FactSet repurchased 214,945 shares for $44.1 million during the second quarter under the existing share repurchase program. Under the program, $137.2 million is currently available for share repurchases.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Business software giant Oracle Corp. (ORCL), Wednesday reported a fourth-quarter profit and revenues that trumped Wall Street estimates, reflecting growth in cloud services revenues. Redwood Shores, California-based Oracle reported fourth-quarter profit of $3.74 billion or $1.07 per share, up from... Panera is revamping its menu and has introduced 10 new dinner items to its list as the sandwich chain wants its customers to visit them for even dinner. Panera on Wednesday announced that it is testing an entirely new dinner menu featuring items such as flatbreads, bowls, meatier sandwiches as well... Ann Marie Buerkle, the acting chairwoman of the Consumer Product Safety Commission, has announced her decision to step down as the head of the federal regulatory agency at the end of her term in October. "I have notified the White House that I am withdrawing my nominations to serve as Chairman of...
Follow RTT