By Adriano Marchese
FactSet Research Systems reported profit and revenue growth in its first quarter and laid out its growth plans for the year, including greater shareholder returns.
The financial data and software company posted net income of $152.6 million, or $4.06 a share, for the three months ended Nov. 30, compared with $150 million, or $3.89 a share, in the same quarter a year ago.
Adjusted earnings were $4.51 a share. According to a poll on FactSet, analysts were expecting $4.36 a share.
Revenues rose 6.9% to $607.6 million, topping analyst expectations of a rise to $600.8 million. The company said that the growth came largely from investment firms and companies involved in mergers and acquisitions.
Annual subscription value, a key performance metric for FactSet which tracks the annualized value of all its subscription contracts, rose to $2.41 billion from $2.27 billion.
For the fiscal year, FactSet has outlined its growth targets. For revenue, the company expects $2.42 billion to $2.45 billion
Earnings per share are pegged at a range of $14.55 to $15.25 a share, with adjusted EPS at $16.90 to $17.60.
On the shareholder returns front, FactSet said the board increased the limit for its repurchase program by $400 million to bring it up to $1 billion.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 18, 2025 07:27 ET (12:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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