Categories Earnings, Finance

Earnings Summary: A snapshot of FactSet’s Q2 2024 report

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

AZO Earnings: AutoZone reports higher sales and profit for Q3 2024

Automotive parts retailer AutoZone, Inc. (NYSE: AZO) on Tuesday said its third-quarter net sales and earnings increased modestly from last year. The company reported net sales of $4.24 billion for the

Infographic: Key highlights from Macy’s (M) Q1 2024 earnings results

Macy’s, Inc. (NYSE: M) reported first quarter 2024 earnings results today. Net sales decreased 2.7% year-over-year to $4.8 billion. Comparable sales were down 1.2% on an owned basis and down

Here are a few reasons why Beyond Meat (BYND) appears to be beyond hope

Shares of Beyond Meat, Inc. (NASDAQ: BYND) rose over 1% on Monday. The stock has dropped 18% year-to-date. The company delivered disappointing results for the first quarter of 2024 and

Add Comment
Viewing Highlight