financetom
Business
financetom
/
Business
/
Financial data firm FactSet beats profit estimate on analytical tools demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Financial data firm FactSet beats profit estimate on analytical tools demand
Mar 20, 2025 4:24 AM

March 20 (Reuters) - FactSet beat analysts'

estimate for second-quarter profit on Thursday, as robust demand

for its financial data and analytics services drove subscription

growth at the company.

Demand for market analytical tools has risen as investors

try to navigate delayed prospects of interest rate cuts and

rising uncertainty over the economic impact of the Trump

administration's trade, immigration and fiscal policies.

The company's organic annual subscription value - which

indicates the revenue potential for the next 12 months from

subscription services - rose 4.1% to $2.28 billion during the

quarter.

On an adjusted basis, FactSet posted a per-share profit of

$4.28 for the quarter ended February 28, compared with $4.22 a

year earlier and analysts' average estimate of $4.16, according

to data compiled by LSEG.

Its revenue rose 4.5% to $570.7 million.

Last month, the Norwalk, Connecticut-based company acquired

trade management platform LiquidityBook, which offers global

broker-market connectivity for hedge funds, asset managers and

sell-side firms, for $246.5 million in cash.

During the second quarter, FactSet also launched Pitch

Creator, an artificial intelligence-powered presentation creator

tool for junior bankers.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BMW confirms 2025 outlook, expects some auto tariffs to fall from July
BMW confirms 2025 outlook, expects some auto tariffs to fall from July
May 26, 2025
BERLIN (Reuters) - German premium carmaker BMW on Wednesday confirmed its 2025 outlook, saying it expected some of the tariffs that have been imposed on vehicle imports to decline from July in one of the more optimistic views on the industry's prospects. Most of BMW's rivals, including Mercedes-Benz, Ford and Stellantis, have all pulled their 2025 forecasts, saying that it...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Sarepta Therapeutics Stock Plummets After Q1 Results: Here's Why
Sarepta Therapeutics Stock Plummets After Q1 Results: Here's Why
May 26, 2025
Sarepta Therapeutics, Inc. ( SRPT ) shares are sinking after the company released its first-quarter results after Tuesday's closing bell. Here's a look at the details from the report.  The Details: Sarepta Therapeutics ( SRPT ) reported quarterly losses of $3.42 per share, which missed the analyst consensus estimate of losses of 95 cents. Quarterly revenue came in at $744.86 million, which beat the...
Obesity drugmaker Novo Nordisk cuts 2025 outlook, posts Q1 profit above forecast
Obesity drugmaker Novo Nordisk cuts 2025 outlook, posts Q1 profit above forecast
May 26, 2025
COPENHAGEN, May 7 (Reuters) - Obesity drugmaker Novo Nordisk on Wednesday posted first-quarter operating profit above analyst forecasts and cut its operating profit and sales outlook for the year. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved