FactSet (FDS) said its second-quarter adjusted EPS increased 20.2% year-on-year to $3.27, primarily due to higher revenues, margin expansion and a decreased tax rate. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $2.97, for the quarter. Analysts' estimates typically exclude special items. Adjusted operating margin was 33.7% compared to 32.6%, prior year.
"Our accelerating top-line growth and focus on cost and productivity initiatives delivered adjusted margin expansion," said Linda Huber, CFO, FactSet.
Net income increased to $109.9 million from $96.6 million, last year. Earnings per share increased 13.6% to $2.84 compared to $2.50.
Revenues increased 10.0%, to $431.1 million from $391.8 million, a year ago. The company said the increase was primarily due to higher sales of research and advisory and analytics solutions. Organic revenue grew 9.9% to $430.8 million. Analysts on average had estimated $426.38 million in revenue.
Annual Subscription Value plus professional services was $1.8 billion at February 28, 2022, compared to $1.6 billion at February 28, 2021. Organic ASV plus professional services was $1.7 billion at February 28, 2022, a growth rate of 9.4%.
FactSet updated its outlook for fiscal 2022. Adjusted EPS is expected to be in the range of $12.75 to $13.15. EPS is expected to be in the range of $9.75 to $10.15. Revenues are projected to be in the range of $1.80 billion to $1.83 billion. Organic ASV plus professional services is expected to increase in the range of $130 million to $150 million over fiscal 2021.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.