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Aug 31, 2023
FactSet Q4 2023 Earnings Report
FactSet's Q4 2023 results were released, showing revenue growth but a decrease in GAAP EPS.
Key Takeaways
FactSet reported Q4 2023 GAAP revenues of $535.8 million, a 7.3% increase year-over-year. Organic ASV plus professional services reached $2.2 billion, up 7.1% year over year. GAAP diluted EPS decreased by 37.5% to $1.68, while adjusted diluted EPS decreased by 6.4% to $2.93.
GAAP revenues increased by 7.3% to $535.8 million compared to Q4 2022.
Organic ASV plus professional services grew by 7.1% year over year, reaching $2.2 billion.
GAAP operating margin decreased to 21.9%, while adjusted operating margin improved to 33.6%.
GAAP diluted EPS decreased by 37.5% to $1.68, and adjusted diluted EPS decreased by 6.4% to $2.93.
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 is providing fiscal 2024 guidance, with expected ASV plus professional services growth of 6% - 8%, GAAP revenue growth of 6% - 7%, adjusted operating margin increase of 10 - 50 bps, and adjusted diluted EPS growth of 6.5% - 10%.
Positive Outlook
- Organic ASV plus professional services is expected to grow in the range of $130 million to $175 million during fiscal 2024.
- GAAP revenues are expected to be in the range of $2,210 million to $2,230 million.
- GAAP operating margin is expected to be in the range of 33.1% to 33.5%.
- Adjusted operating margin is expected to be in the range of 36.3% to 36.7%.
- Adjusted diluted EPS is expected to be in the range of $15.65 to $16.15.
Revenue & Expenses
Visualization of income flow from segment revenue to net income