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FactSet Research Systems (NYSE: FDS | NASDAQ: FDS) is a global leader in providing financial data, analytics, and enterprise solutions to investment management and investment banking professionals worldwide. With a focus on technological innovation and client service, FactSet delivers instant access to comprehensive financial data and sophisticated analytic tools to thousands of analysts, portfolio managers, and investment bankers at the world’s leading financial institutions.
Founded on a commitment to creatively leveraging technology, FactSet continually evolves its software to stay ahead of industry demands. Their suite of tools enables users to conduct high-level investment research, supported by unparalleled client service through individual consultant contacts and 24-hour personal support. Recognized among Fortune's '100 Best Companies to Work For,' FactSet also integrates a strong culture of employee satisfaction and growth.
FactSet's core business revolves around aggregating data from third-party suppliers, news sources, exchanges, and brokerages into its robust workstation platform. This platform is essential for providing portfolio analytics and addressing reporting requirements for their extensive client base, with buy-side clients making up 82% of FactSet's annual subscription value.
The company has made significant acquisitions to broaden its capabilities, including Portware in 2015, BISAM in 2017, and CUSIP Global Services in 2022. These strategic acquisitions have enhanced FactSet's offerings in trade execution, risk management, and performance measurement, solidifying its position as a comprehensive solution provider.
FactSet recently launched its first interactive GenAI product, the Transcript Assistant, within its workstation. This tool leverages generative AI to help users efficiently search, analyze, and extract actionable insights from transcripts, thus enhancing the investment research process. FactSet continues to push the envelope in AI and machine learning to improve decision-making and drive productivity for its clients.
Financially, FactSet remains strong, with consistent revenue growth and strategic investments in technology. The company’s commitment to innovation and client service ensures that it remains a vital partner to the global investment community.
For more information, visit www.factset.com and follow FactSet on Twitter and LinkedIn.
FactSet (NYSE:FDS) has integrated ICE Liquidity Indicators into its Portfolio Analytics, enhancing fund liquidity risk management for investment professionals. This tool, provided by Intercontinental Exchange, measures liquidity risk across multiple asset classes, offering metrics like future trade volume capacity and projected price volatility. As regulatory demands heighten, the ability to assess liquidity risk holistically becomes critical for firms. The ICE Liquidity Indicators currently cover approximately 4.6 million instruments, aiding clients in meeting client redemption requirements and regulatory compliance.
NORWALK, Conn. and TOKYO, April 05, 2021 — The Tokyo Stock Exchange (TSE) and FactSet (NYSE:FDS) announced a partnership to develop co-branded thematic indices focused on Japanese stocks. This initiative aims to leverage TSE's expertise in stock indices and FactSet's data capabilities to address societal and investment trends in Japan. The first indices will include the JPX/FactSet Japan 100-Year Index, JPX/FactSet Japan Regional Economies Index, and JPX/FactSet Japan ASEAN-Leaders Index. This collaboration seeks to enhance the investment landscape in Japan.
FactSet (NYSE:FDS) reported a 6% revenue growth for Q2 FY2021, amounting to $391.8 million, up from $369.8 million the previous year. The growth was driven by higher sales of analytics and content technology solutions. Organic revenues increased 4.9%. The company's Annual Subscription Value (ASV) reached $1.6 billion, representing a 5.5% growth rate. Diluted EPS rose 8.7% to $2.50, with an adjusted EPS of $2.72. The operating margin improved to 29.6%, and share repurchase program increased to $350 million.
FactSet has launched the Truvalue Labs SDG Monitor, providing a real-time overview of corporate alignment with the UN Sustainable Development Goals (SDGs). This innovative tool allows investors to assess over 21,000 companies globally, utilizing data from more than 100,000 sources in 13 languages. The SDG Monitor offers a unique perspective by considering both positive and negative corporate impacts, aiding better data access for social and environmental factors. The tool is free to use and structured as a public service, reinforcing FactSet’s commitment to filling significant data gaps in ESG evaluation.
FactSet (NYSE:FDS) will release its financial results for the second quarter of fiscal 2021, ending February 28, 2021, on March 30, 2021. A conference call to discuss the results will take place at 11:00 a.m. ET on the same day. Investors can participate via phone or through a webcast. The company provides integrated financial information and analytical applications to over 138,000 users globally, and highlights its recognition for LGBTQ+ inclusion through the Human Rights Campaign's Corporate Equality Index.
FactSet (NYSE:FDS, NASDAQ:FDS) has been chosen as the primary market data and technology provider for Royal Bank of Canada’s (RBC) wealth management division, deploying its solutions to over 8,000 professionals across North America.
The multi-year agreement includes FactSet's web-based workstation, the Advisor Dashboard, and integration of key news services. This partnership reflects a growing demand for sophisticated data in wealth management, especially post-COVID-19, positioning RBC as a market leader in adopting innovative technology.
FactSet (NYSE:FDS) has launched an integration for Microsoft Teams, allowing users to access its financial news and data directly within the platform. This service is available to over 115 million active Teams users, enabling them to receive notifications on market-moving events and conduct searches for company information without leaving Teams. Clients of FactSet will enjoy additional functionality, including detailed financial data and an 'answer' feature for common queries. The integration aims to improve collaboration and streamline workflows for FactSet clients who utilize Teams.
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