FactSet Q2 fiscal 2023 revenue $515.1M (+19.5% YoY), adj. EPS $3.80 (+16.2%)

FACTSET RESEARCH SYSTEMS INC

2023-Q2 EPS reported $6.89 revenue$1,019,900,000

GAAP revenue $515.1M (+19.5% YoY), organic revenue +8.9% to $469.5M; GAAP EPS $3.38 (+19.0%).
Adjusted operating margin 37.0% (+330 bps YoY); adjusted EBITDA $199.7M (+35.8%).
Organic ASV plus professional services up 9.1% to $1.9B; buy-side 8.1%, sell-side 15.8% growth.
Updated FY2023 guidance: organic ASV growth $145M-$175M (incl. CGS), adj. op. margin 34%-35%, adj. diluted EPS growth 8%-11%.
Made $125M debt prepayment in Q2; total $500M term loan prepayments; share repurchases suspended until 2H FY2023; quarterly dividend $0.89/share.

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FACTSET RESEARCH SYSTEMS INC reported second quarter ended February 28, 2023 results: revenue $515.1 million, net income $ 131,593, EPS $3.38.

Period: second quarter ended February 28, 2023
Revenue: $515.1 million
Net income: $ 131,593
EPS: $3.38
Result: reported results

Exact text from the filing

FactSet Reports Results for Second Quarter 2023 ◦ Q2 GAAP revenues of $515.1 million, up 19.5% from Q2 2022 ◦ Organic Q2 ASV plus professional services of $1.9 billion, up 9.1% year over year ◦ Q2 GAAP operating margin of 32.9%, up 430 bps year over year, and adjusted operating margin of 37.0%, up 330 bps over the prior year ◦ Q2 GAAP diluted EPS of $3.38, up 19.0% from the prior year, and adjusted diluted EPS of $3.80, up 16.2% year over year ◦ FactSet is updating fiscal 2023 guidance, with expected ASV + professional services growth of 7% - 9%, adjusted operating margin of 34%-35% and adjusted diluted EPS growth of 8% - 11%.

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accession 0001013237-23-000034

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