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FactSet Research Systems Reports Results For The First Quarter Of Fiscal 2013

  • ASV up 7% organically year over year
  • Diluted EPS rose 12% to $1.11

NORWALK, Conn., Dec. 18, 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 first quarter of fiscal 2013.

GAAP Results

For the quarter ended November 30, 2012 revenues increased to $211.1 million, up 7.5% compared to the prior year. Included in this total was $2.7 million of revenue from StreetAccount. Operating income for the first quarter rose to $71.1 million from $66.8 million in the same period of fiscal 2012. Net income advanced 9.3% to $49.8 million compared to $45.5 million a year ago. Diluted earnings per share increased 12.1% to $1.11, up from $0.99 in the same period of fiscal 2012. The acquisition of StreetAccount in June 2012 did not have an impact on FactSet's fiscal 2013 first quarter diluted earnings per share.

Consolidated Statements of Income
(Condensed and Unaudited) Three Months Ended
  November 30, 
(In thousands, except per share data) 2012 2011 Change
Revenues $211,085 $196,448 7.5%
Operating income 71,085 66,753 6.5%
Provision for income taxes 21,744 21,486 1.2%
Net income $49,769 $45,544 9.3%
Diluted earnings per share $1.11 $0.99 12.1%
Diluted weighted average shares  44,984 46,103  

Philip A. Hadley, Chairman and CEO said, "Against the backdrop of a difficult selling environment, particularly for the sell-side, FactSet again delivered double-digit EPS growth. We continued our long track record of reinvesting back into the Company to position FactSet to be even stronger as I look ahead."

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