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AI English summary of an SEC filing — figures as filed

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The company said GAAP revenue for Q2 of fiscal 2024 (the 3 months ended February 29, 2024) rose 6.0% year over year to $545.9 million, and GAAP diluted EPS increased 8.0% to $3.65.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said GAAP revenue for Q2 of fiscal 2024 (the 3 months ended February 29, 2024) rose 6.0% year over year to $545.9 million, and GAAP diluted EPS increased 8.0% to $3.65.

  2. FactSet said its GAAP operating margin for Q2 was 33.3% (versus 32.9% a year earlier), and its adjusted operating margin was 38.3% (versus 37.0%). It also said the period included a restructuring charge of about $11 million related to personnel reductions.

  3. FactSet said net cash provided by operating activities for Q2 was $143.8 million, down from $164.7 million in the same period a year earlier, and quarterly free cash flow fell 17.2% to $121.9 million.

  4. The company said it expects GAAP revenue for fiscal 2024 to be between $2,200 million and $2,210 million, and that it anticipates finishing the year at the lower end of its previously published guidance range.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 Revenue and EPS

The company said GAAP revenue for Q2 of fiscal 2024 (the 3 months ended February 29, 2024) rose 6.0% year over year to $545.9 million, and GAAP diluted EPS increased 8.0% to $3.65.

Source · Based on the filing body and exhibits

Operating Margin and Restructuring Costs

FactSet said its GAAP operating margin for Q2 was 33.3% (versus 32.9% a year earlier), and its adjusted operating margin was 38.3% (versus 37.0%). It also said the period included a restructuring charge of about $11 million related to personnel reductions.

Source · Based on the filing body and exhibits

Q2 Free Cash Flow

FactSet said net cash provided by operating activities for Q2 was $143.8 million, down from $164.7 million in the same period a year earlier, and quarterly free cash flow fell 17.2% to $121.9 million.

Source · Based on the filing body and exhibits

Full-Year Outlook

The company said it expects GAAP revenue for fiscal 2024 to be between $2,200 million and $2,210 million, and that it anticipates finishing the year at the lower end of its previously published guidance range.

Source · Based on the filing body and exhibits

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.