Factset Research Systems (FDS) Tops Q2 EPS by 7c

Factset Research Systems (NYSE: FDS) reported Q2 EPS of $1.59, $0.07 better than the analyst estimate of $1.52. Revenue for the quarter came in at $281.8 million versus the consensus estimate of $282.99 million.

Annual Subscription Value (“ASV”)

ASV was $1.139 billion at February 29, 2016, up 9.5% organically from the prior year. Over the last three months organic ASV increased $29.8 million, which excludes the effects of foreign currency. ASV at any given point in time represents the forward-looking revenues for the next 12 months from all services currently being supplied to clients.

Buy-side and sell-side ASV growth rates were both 9.5% for the second fiscal quarter of 2016. Buy-side clients account for 83.4% of ASV and the remainder is derived from sell-side firms that perform mergers and acquisitions advisory work, capital markets services and equity research.

GUIDANCE:

Factset Research Systems sees Q3 2016 EPS of $1.60-$1.64, versus the consensus of $1.57. Factset Research Systems sees Q3 2016 revenue of $286-289 million, versus the consensus of $287.8 million.

For earnings history and earnings-related data on Factset Research Systems (FDS) click here.

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