FactSet Research Systems (NYSE:FDS) saw its profit rise in the most recent quarter, coming up above estimates.
Earnings and Revenue The company's EPS topped estimates and revenues came in line with Wall Street's expectations. The company reported adjusted net income of $1.15 a share versus the $1.04 a share estimate and revenues of $202.3 million versus the $202.9 million estimate.
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The company's net income for the quarter was $48 million. According to the reported number, this is up 10.8% from last year's levels. Revenue climbed 10.2% from $183.6 million in the same period last year.
Company Fundamental Trends Last quarter marked the third in a row of rising net income. The company has averaged revenue growth of 12.9% over the past five quarters.
History Against Expectations The company has now topped analyst estimates for the last three quarters.
Official Comment: "While the economy remains volatile, results indicate our philosophy of consistently investing for the future is paying off. Today we announced EPS growth of 14% and record free cash flow of $70 million generated in just the past three months," says Philip Hadley, Chairman and CEO. "In addition, our third quarter results mark yet another milestone for the Company as we surpassed $200 million in quarterly revenues."
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.