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May 31, 2021
FactSet Q3 2021 Earnings Report
FactSet reported solid results with record quarterly revenue hitting $400 million.
Key Takeaways
FactSet reported a revenue increase of 6.8% to $399.6 million for the third quarter of 2021, driven by higher sales of analytics and content and technology solutions (CTS). Diluted EPS decreased slightly to $2.62, and the company increased its quarterly dividend by 6.5% to $0.82, marking the twenty-second consecutive year of dividend increases.
Revenue increased 6.8% to $399.6 million compared to the same period in fiscal 2020.
Organic revenues grew 5.9% to $397.4 million during the third quarter of fiscal 2021 from the prior year period.
Annual Subscription Value (ASV) plus professional services was $1.6 billion at May 31, 2021.
The Company increased its quarterly dividend by 6.5% to $0.82, marking the twenty-second consecutive year of dividend increases.
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 expects organic ASV plus professional services to increase in the range of $85 million and $95 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%.
Positive Outlook
- Organic ASV plus professional services is now expected to increase in the range of $85 million and $95 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%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income