FactSet said revenue for the 3-month period ended February 29, 2024 rose 6.0% to $545.9 million, and organic revenue growth was 6.0%. The company cited higher demand for workstations, data solutions, CGS subscriptions and middle office solutions as drivers of the revenue increase.

10-QQuarterly reportFiled Apr 3, 2024Period of report Feb 29, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

FactSet said revenue for the 3-month period ended February 29, 2024 rose 6.0% to $545.9 million, and organic revenue growth was 6.0%. The company cited higher demand for workstations, data solutions, CGS subscriptions and middle office solutions as drivers of the revenue increase.
The company said operating income for the 3-month period rose 7.5% to $181.9 million, and operating margin increased from 32.9% in the prior-year period to 33.3%. It said foreign currency exchange rate fluctuations, net of hedge activity, decreased operating income by $2.3 million.
FactSet said Cost of services for the 6-month period rose 8.3% to $506.8 million, or 46.6% of revenues. Over the same period, SG&A fell 0.3% to $209.5 million, and the company cited the net settlement of its foreign currency forward contracts as a factor.
Cash and cash equivalents totaled $381.7 million as of February 29, 2024, the company said. Over the 6 months ended 2022, it repaid $125.0 million of its Term Facility and returned $186.3 million to shareholders through share repurchases and dividends.

Key figures

Quarter ended February 29, 2024

Revenue: $546M
Operating income: $182M
Net income: $141M
EPS: $3.65

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 Q2 Revenue $545.9 million

FactSet said revenue for the 3-month period ended February 29, 2024 rose 6.0% to $545.9 million, and organic revenue growth was 6.0%. The company cited higher demand for workstations, data solutions, CGS subscriptions and middle office solutions as drivers of the revenue increase.

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

Quarterly Operating Income $181.9 million, Operating Margin 33.3%

The company said operating income for the 3-month period rose 7.5% to $181.9 million, and operating margin increased from 32.9% in the prior-year period to 33.3%. It said foreign currency exchange rate fluctuations, net of hedge activity, decreased operating income by $2.3 million.

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

Cost of Services and SG&A Changes Over 6 Months

FactSet said Cost of services for the 6-month period rose 8.3% to $506.8 million, or 46.6% of revenues. Over the same period, SG&A fell 0.3% to $209.5 million, and the company cited the net settlement of its foreign currency forward contracts as a factor.

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

Cash, Debt Repayment and Shareholder Returns

Cash and cash equivalents totaled $381.7 million as of February 29, 2024, the company said. Over the 6 months ended 2022, it repaid $125.0 million of its Term Facility and returned $186.3 million to shareholders through share repurchases and dividends.

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.

View the original filing on SEC EDGAR ↗

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