- Revenues are now expected to be in the range of $311 million and $317 million. IDMS is expected to add approximately $10 million in third quarter revenues.
- GAAP operating margin is now expected to be in the range of 29% and 30%. Adjusted operating margin is now expected to be in the range of 31% and 32%. Both GAAP and adjusted operating margins include a 90 basis point reduction from IDMS.
- The annual effective tax rate is now expected to be in the range of 25% and 26%.
- GAAP diluted EPS is now expected to be in the range of $1.68 and $1.74. Adjusted diluted EPS is now expected to be in the range of $1.81 and $1.87. The midpoint of the adjusted diluted EPS range represents 12% growth over the prior year.
For more detail about the advantages of FactSet's solutions for wealth management, visit http://www.factset.com/products/wealth.About FactSet FactSet (NYSE:FDS) (NASDAQ:FDS) delivers superior analytics, service, content, and technology to help more than 85,000 users see and seize opportunity sooner. We are committed to giving investment professionals the edge to outperform, with fresh perspectives, informed insights, and the industry-leading support of our dedicated specialists. We're proud to have been recognized with multiple awards for our analytical and data-driven solutions and repeatedly ranked as one of Fortune's 100 Best Companies to Work For and a Best Workplace in the United Kingdom and France. Subscribe to our thought leadership blog to get fresh insight delivered daily at insight.factset.com. Learn more at www.factset.com and follow on Twitter: www.twitter.com/factset.
FactSet Media Relations Contact: Amy Bowman203.810.2144Abowman@factset.com Investor Relations Contact: Rima Hyder857.265.7523Rima.email@example.com