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Feb 28, 2021
FactSet Q2 2021 Earnings Report
Reported solid results with revenue increasing and EPS rising.
Key Takeaways
FactSet reported a 6% increase in revenue to $391.8 million and an 9% increase in EPS to $2.50 for the second quarter of 2021. The company's organic ASV plus professional services grew by 5.5%. FactSet has increased the lower end of its organic ASV plus professional services outlook to $70 million from $55 million.
Revenue increased 6.0% to $391.8 million compared to the same period in fiscal 2020.
Operating margin increased to 29.6% compared to 28.7% for the same period last year.
Diluted earnings per share (EPS) increased 8.7% to $2.50 compared to $2.30 for the same period in fiscal 2020.
FactSet increased the lower end of its organic ASV plus professional services outlook to $70 million from $55 million.
FactSet
FactSet
FactSet Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
FactSet provided its outlook for fiscal 2021 on September 24, 2020 and has updated this outlook today.
Positive Outlook
- Organic ASV plus professional services is now expected to increase in the range of $70 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 below, actual results may differ materially, particularly with the ongoing 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.
- Adjusted diluted EPS is expected to be in the range of $10.75 and $11.15.
- Both GAAP operating margin and GAAP diluted EPS guidance do not include certain effects of any non-recurring benefits or charges that may arise in fiscal 2021.
- FactSet does not intend to update its forward-looking statements prior to its next quarterly results announcement.
Revenue & Expenses
Visualization of income flow from segment revenue to net income