FactSet Research (FDS) Tops Q4 EPS by 1c; Guides Q1 EPS Below Views

(Updated - September 16, 2014 7:14 AM EDT)

FactSet Research Systems (NYSE: FDS) reported Q4 EPS of $1.31, $0.01 better than the analyst estimate of $1.30. Revenue for the quarter came in at $238.7 million versus the consensus estimate of $236.9 million.

"Fiscal 2014 was our 34th consecutive year of revenue growth and our 18th consecutive year of positive earnings growth as a public company," said Philip Hadley, Chairman and CEO. "I'm pleased with the continued acceleration on both the buy-side and sell-side as we closed this quarter. The just completed fourth quarter was one of our best quarters in the past decade as many of our financial and operating metrics rose across the board."

Annual Subscription Value ("ASV")

ASV totaled $963.6 million at August 31, 2014, up 7.3% organically over the prior year and increased $31.6 million over the last three months. Organic ASV growth rates from buy and sell-side clients rose to 8.5% and 1.6%, respectively. At August 31, 2014 buy-side clients account for 82.6% of ASV and the remainder derives from sell-side firms who perform M&A advisory work and equity research. 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.

Guidance

FactSet Research Systems sees Q1 2015 EPS of $1.31 - $1.33, versus the consensus of $1.33. Revenues are expected at $240 - $243 million, with the Street at $241.4 million

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

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