This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FactSet Research Systems Reports Results For The Fourth Quarter Of Fiscal 2012

  • ASV advanced $31.9 million. Excluding the StreetAccount acquisition, ASV increased $20.4 million.
  • Diluted EPS was $1.08, up 13% when excluding a stock-based compensation charge recorded in the year ago quarter
  • Excluding StreetAccount, client count rose by 57, the largest quarterly growth since 2006
  • Free cash flow was $51 million during the fourth quarter and $209 million for the full fiscal 2012 year, up 18% over last year

NORWALK, Conn., Sept. 25, 2012 (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 fourth quarter of fiscal 2012.

GAAP Results

For the quarter ended August 31, 2012 revenues increased to $207.7 million, up 8% compared to the prior year. Included in this total was $1.8 million from the acquisition of StreetAccount on June 29, 2012. Operating income for the fourth quarter rose to $70.6 million from $59.0 million in the same period of fiscal 2011. Net income advanced to $48.5 million compared to $40.9 million a year ago. Diluted earnings per share increased to $1.08, up from $0.88 in the same period of fiscal 2011. The year ago fourth quarter results include a pre-tax stock-based compensation charge of $5.4 million or $0.08 per diluted share. The acquisition of StreetAccount did not have an impact on FactSet's fiscal 2012 fourth quarter diluted earnings per share.

Consolidated Statements of Income
(Condensed and Unaudited)   Three Months Ended August 31, Twelve Months Ended August 31, 
(In thousands, except per share data) 2012 2011 Change 2012 2011 Change
Revenues $207,663 $191,939 8.2 % $805,793 $726,510 10.9 %
Operating income 70,627 58,990 19.7 % 272,990 238,335 14.5 %
Provision for income taxes 22,547 18,304 23.2 % 85,896 67,912 26.5 %
Net income $48,539 $40,880 18.7 % $188,809 $171,046 10.4 %
Diluted earnings per share $1.08 $0.88 22.7 % $4.12 $3.61 14.1 %
Diluted weighted average shares 45,152 46,595     45,810 47,355    

"FactSet continues to generate shareholder value as illustrated by our double-digit EPS growth in the quarter," says Philip Hadley, Chairman and CEO. "Investments in our products have helped us expand market share. We added 57 net new clients and 1,100 new users in the past three months. We were also pleased to acquire StreetAccount in June 2012, a leader in timely and informative news summaries for the investment community."

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs