FactSet Research Systems Reports Results For The First Quarter Of Fiscal 2011

NORWALK, Conn., Dec. 14, 2010 (GLOBE NEWSWIRE) -- FactSet Research Systems Inc. (NYSE:FDS) (Nasdaq:FDS), a leading provider of integrated financial information and analytical applications to the global investment community, today announced its results for the first quarter of fiscal 2011.

For the quarter ended November 30, 2010, revenues were $173.3 million, up 12% compared to the prior year. Operating income for the first quarter increased to $59.4 million, a rise of 10% from $54.0 million in the same period of fiscal 2010. Net income advanced to $41.6 million as compared to $36.1 million a year ago. Diluted earnings per share increased to $0.88, up 19% from $0.74 in the same period of fiscal 2010. Included in this quarter's EPS were income tax benefits of $0.03 per share from adjustments to certain reserves to reflect settlements with taxing authorities regarding previously filed tax returns.

Consolidated Statements of Income
(Condensed and Unaudited)	Three Months Ended
	November 30,
(In thousands, except per share data)	2010	2009	Change
Revenues	$173,289	$155,243	11.6%
Operating income	59,429	54,047	10.0%
Other income	125	238	(47.5)%
Provision for income taxes	17,953	18,142	(1.0)%
Net income	41,601	36,143	15.1%
Diluted earnings per share	$0.88	$0.74	18.9%
Diluted weighted average shares	47,487	48,876

"Our first quarter results illustrate the strength of FactSet's business model. We continue to be able to provide superior workflow solutions to our clients and grow both our ASV and EPS," says Philip A. Hadley, Chairman and Chief Executive Officer. "We again delivered strong ASV growth, adding $11 million over the past three months while EPS was up 15%."