FactSet Analysis Techniques Inc. (NYSE: FDS), a number one supplier of knowledge analytics companies, introduced monetary outcomes for the second quarter of 2024, reporting greater revenues and adjusted revenue.
- Q2 revenues elevated 6% to $545.9 million from $515.1 million within the prior yr interval. Natural revenues grew 6.0%
- Annual subscription worth, plus skilled companies, was $2.21 billion on the finish of the quarter, vs. $2.1 billion final yr
- Working margin elevated to 33.3% within the second quarter from 32.9% for a similar interval of 2023
- Web earnings, on a per-share foundation, elevated 8% to $3.65 within the February quarter from $3.38 a yr earlier, on account of greater revenues and margin enlargement
- Adjusted earnings per share moved up 11.1% to $4.22 in Q2 from $3.80 within the comparable interval final yr
- Second-quarter adjusted EBITDA was $218.1 million, up 9.2% from $199.7 million reported in Q2 2023
- The administration expects natural ASV, plus skilled companies, to develop within the vary of $110 million to $150 million
- Full-year revenues are anticipated to be within the vary of $2.20 billion to $2.21 billion
- The corporate is in search of earnings within the vary of $13.95 per share to $14.35 per share for 2024
- Adjusted earnings per share is anticipated to be between $15.60 and $16.00 within the fiscal yr
