FactSet said revenues for the 3 months ended November 30, 2024 were $568.7 million, an increase of 4.9%. The company explained the growth comprised a 4.7% increase in organic revenues, a 0.1% increase from acquisition-related revenues and a net increase of 0.1% from foreign currency exchange rate fluctuations.

1. 01

   FactSet said revenues for the 3 months ended November 30, 2024 were $568.7 million, an increase of 4.9%. The company explained the growth comprised a 4.7% increase in organic revenues, a 0.1% increase from acquisition-related revenues and a net increase of 0.1% from foreign currency exchange rate fluctuations.

2. 02

   FactSet said operating income for the 3 months increased 1.2% to $191.3 million, compared with $189.0 million in the prior year period. Operating margin was 33.6%, compared with 34.9% in the prior year period, and the company cited higher amortization of intangible assets and professional fees as factors.

3. 03

   FactSet said it completed the acquisition of Irwin on November 5, 2024, with a purchase price of $123.2 million net of cash acquired and contingent consideration of $12.7 million. Capital expenditures for the 3 months were $25.9 million, an increase of 57.1%.

4. 04

   FactSet said net cash provided by operating activities for the 3 months was $86.4 million, and net cash used in investing activities was $145.1 million. During the same period, the company returned $88.0 million to shareholders through share repurchases and dividends.

Key figures

Quarter ended November 30, 2024

Revenue

$569M

Operating income

$191M

Net income

$150M

EPS

$3.89

Operating cash flow

$86M

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.

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.