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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) 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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