FactSet Research Systems (FDS) saw its stock surge 5.03% intraday on Friday, driven by the company's better-than-expected fiscal Q1 results and reiterated full-year guidance.
The company reported an annual subscription value of $2.41 billion, revenue of $608 million, and adjusted earnings per share of $4.51, surpassing forecasts. Despite a cautious tone from management regarding future investments, the strong performance and maintained outlook boosted investor confidence.
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