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AI English summary of an SEC filing — figures as filed

FactSet logoFactSet FDS

The company said revenue for the 3 months ended November 30, 2023 rose 7.4% year over year to $542.2 million, and organic revenues rose 7.2% to $541.4 million.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue for the 3 months ended November 30, 2023 rose 7.4% year over year to $542.2 million, and organic revenues rose 7.2% to $541.4 million.

  2. Operating income for the 3 months ended November 30, 2023 rose 10.0% to $189.0 million, and the operating margin increased from 34.1% to 34.9% a year earlier, FactSet said. It cited revenue growth as the main driver of the increase.

  3. FactSet said net income for the 3 months ended November 30, 2023 rose 8.6% to $148.6 million, and diluted EPS rose 9.1% to $3.84. It attributed the increase mainly to higher operating income, partially offset by higher income tax provisions.

  4. FactSet said it returned $97.0 million to shareholders through share repurchases and dividends during the 3 months ended November 30, 2023, and repaid $62.5 million under the 2022 Term Facility, including voluntary prepayments of $50.0 million.

Key figures

Quarter ended November 30, 2023

Revenue
$542M
Operating income
$189M
Net income
$149M
EPS
$3.84
Operating cash flow
$155M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Fiscal 2024 Q1 Revenue $542.2 million

The company said revenue for the 3 months ended November 30, 2023 rose 7.4% year over year to $542.2 million, and organic revenues rose 7.2% to $541.4 million.

Source · Based on the MD&A text of the filing

Operating Income $189.0 million, Operating Margin 34.9%

Operating income for the 3 months ended November 30, 2023 rose 10.0% to $189.0 million, and the operating margin increased from 34.1% to 34.9% a year earlier, FactSet said. It cited revenue growth as the main driver of the increase.

Source · Based on the MD&A text of the filing

Net Income $148.6 million, Diluted EPS $3.84

FactSet said net income for the 3 months ended November 30, 2023 rose 8.6% to $148.6 million, and diluted EPS rose 9.1% to $3.84. It attributed the increase mainly to higher operating income, partially offset by higher income tax provisions.

Source · Based on the MD&A text of the filing

Shareholder Returns $97.0 million and 2022 Term Facility Repayment

FactSet said it returned $97.0 million to shareholders through share repurchases and dividends during the 3 months ended November 30, 2023, and repaid $62.5 million under the 2022 Term Facility, including voluntary prepayments of $50.0 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.