FactSet Research Systems (FDS) PT Raised to $192 at BofA/Merrill Lynch
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FactSet Reports Solid Revenue and Earnings Growth in Fourth Quarter 2017
September 26, 2017 7:00 AM EDTNORWALK, Conn., Sept. 26, 2017 (GLOBE NEWSWIRE) -- FactSet (the Company) (NYSE: FDS) (NASDAQ: FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, today announced its results for the fourth quarter ended August 31, 2017.
Fourth Quarter 2017 Highlights
Revenues increased 13.7% or $39.4 million to $326.6 million compared with $287.3 million for the same period in 2016. Organic revenues grew 6.3% to $301.3 million during the fourth quarter of 2017 from the prior year period.Operating margin decreased to 25.2% compared to 30.5% in the prior year period. The decrease in operating margin is primarily... More