FactSet Research Systems Inc. (NYSE:FDS) reported its Q3 earnings results, with EPS coming in at $3.76, above the Street estimate of $3.23. Revenue was $488.8 million, beating the Street estimate of $477 million.
Organic revenue/ASV growth further accelerated to approximately 10.5%/10.1% driven by broad-based momentum in analytics, wealth, research & advisory solutions driven by strong demand for differentiated content and further client expansion into corporates enabled by open strategy, deep sector, and analytics platform.
Management tone was positive on the new business with a large wealth deal in the pipe. The company expects full 2022-year EPS to be in the range of $12.75-$13.15, compared to the Street estimate of $13.02. 2022 revenue is expected to be in the range of $1.8-1.83 billion, compared to the Street estimate of $1.81 billion.