Description
FactSet is a financial data and software company headquartered in Norwalk, Connecticut, United States. The company provides integrated data and software. For fiscal year 2019, FactSet's total ASV and professional services revenues were $1.48 billion.
FactSet provides client support & learning, implementation services, business advisory, data delivery, index services, portfolio data management, and transition services.
Products and services
FactSet provides data and analytical applications to global buy and sell-side professionals, including portfolio managers, market research and performance analysts, risk managers, sell-side equity researchers, investment bankers, and fixed income professionals. FactSet's Workstation includes real-time news and quotes, company and portfolio analysis, multi-company comparisons, industry analysis, company screening, portfolio optimization and simulation, predictive risk measurements, alpha testing and tools to value and analyze fixed income securities and portfolios.
FactSet is available via wireless devices such as iPad and iPhone and is integrated with Microsoft Office applications.
Financials
In 2003, FactSet Research Systems Inc. changed the presentation of its revenues in order to report on a net rather than gross basis. As a result, all financial information for periods prior to the fourth quarter of fiscal 2003 were restated.
For 2014, FactSet's 36th year of operation, the company recorded its 34th consecutive year of revenue growth.
For the fiscal year ended August 31, 2014, FactSet revenues increased to $920 million, growing 7.00% year on year. Operating income rose 12% to $302 million. Net income advanced to $212 million as compared to $199 million in 2013, a 6% increase. Diluted earnings per share increased by 11% to $4.92.
For the quarter ended February 28, 2015 (Second Quarter Of Fiscal 2015), revenues advanced to $247.8 million, up 9.2% over the prior year. Annual Subscription Value ("ASV") was $1.005 billion at February 28, 2015, up 8.5% organically over the prior year.
