Tue, Oct 29, 8:56 PM (64 days ago)
**FactSet Research Systems Inc. (FDS) - Summary of Financial Performance for Fiscal Year 2024** FactSet Research Systems Inc. reported revenues of $2,203.1 million for fiscal year 2024, reflecting a 5.6% increase from the prior year, driven by organic growth of 5.7%. Net income rose 14.7% to $537.1 million, with diluted earnings per share (EPS) increasing by 15.5% to $13.91. The operating margin improved to 31.8%, up from 30.2% in fiscal 2023, aided by reduced operating expenses and increased revenue. The company operates through three segments: Americas (64% of revenue), EMEA (26%), and Asia Pacific (10%). Notably, the Americas segment saw a revenue increase of 6.3%. FactSet's strategic focus includes enhancing data offerings and integrating AI solutions, with a commitment to return value to shareholders through $385.9 million in share repurchases and dividends. However, the company faces risks including market volatility, competition, and regulatory challenges. Additionally, a material weakness in internal controls was identified, prompting ongoing remediation efforts. The financial condition remains robust, with total cash and equivalents at $423 million and a total debt of $1.4 billion as of August 31, 2024.