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Nov 30, 2020
FactSet Q1 2021 Earnings Report
FactSet reported solid results for the first quarter of 2021, with revenue and EPS increasing.
Key Takeaways
FactSet's Q1 2021 revenue increased by 5.9% to $388.2 million, and diluted EPS rose by 7.8% to $2.62. The company's ASV plus professional services reached $1.56 billion, with organic growth at 5.0%.
Revenue increased by 5.9% to $388.2 million.
Organic revenues grew by 5.1% to $386.7 million.
Diluted earnings per share (EPS) increased 7.8% to $2.62.
ASV plus professional services was $1.56 billion, with organic growth of 5.0%.
Revenue by Geographic Location
Forward Guidance
FactSet reaffirms its annual outlook for fiscal 2021, with expectations for organic ASV plus professional services to increase between $55 million and $85 million over fiscal 2020.
Positive Outlook
- Organic ASV plus professional services is expected to increase in the range of $55 million and $85 million over fiscal 2020.
- GAAP revenue is expected to be in the range of $1,570 million and $1,585 million.
- GAAP operating margin is expected to be in the range of 29.5% and 30.5%.
- Adjusted operating margin is expected to be in the range of 32.0% and 33.0%.
- FactSet's annual effective tax rate is expected to be in the range of 15.0% and 16.5%.
Challenges Ahead
- Given the risk factors, uncertainties, and assumptions discussed, actual results may differ materially.
- Uncertainty surrounding the duration, magnitude, and impact of the novel coronavirus pandemic.
- GAAP diluted EPS is expected to be in the range of $10.05 and $10.45.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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