March 21 (Reuters) - FactSet Research Systems ( FDS ) on

Thursday beat second-quarter profit estimates on the back of

robust demand for its financial data and analytics services

driving the subscription growth.

Increasing hopes of a soft landing have spurred a rally in

the global markets, prompting investors to spend more on

market-related products, benefiting companies such as FactSet.

Annual subscription value (ASV) plus professional services

rose 5.4% to $2.21 billion during the quarter. ASV indicates the

revenue potential for the next 12 months from subscription

services.

On an adjusted basis, the company earned $4.22 per diluted

share in the quarter ended Feb. 29, compared with $3.80 per

share from the same period last year.

Analysts on average had expected a profit of $3.88 per

share, according to LSEG estimates.

FactSet's revenue rose 6% to $545.90 million for the

quarter.