FactSet Research Systems Inc. (NYSE: FDS), a leading provider of data analytics services, announced financial results for the second quarter of 2024, reporting higher revenues and adjusted profit.
- Q2 revenues increased 6% to $545.9 million from $515.1 million in the prior year period. Organic revenues grew 6.0%
- Annual subscription value, plus professional services, was $2.21 billion at the end of the quarter, vs. $2.1 billion last year
- Operating margin increased to 33.3% in the second quarter from 32.9% for the same period of 2023
- Net income, on a per-share basis, increased 8% to $3.65 in the February quarter from $3.38 a year earlier, due to higher revenues and margin expansion
- Adjusted earnings per share moved up 11.1% to $4.22 in Q2 from $3.80 in the comparable period last year
- Second-quarter adjusted EBITDA was $218.1 million, up 9.2% from $199.7 million reported in Q2 2023
- The management expects organic ASV, plus professional services, to grow in the range of $110 million to $150 million
- Full-year revenues are expected to be in the range of $2.20 billion to $2.21 billion
- The company is looking for earnings in the range of $13.95 per share to $14.35 per share for 2024
- Adjusted earnings per share is expected to be between $15.60 and $16.00 in the fiscal year
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
