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."

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