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Last Update: 25-Sep-12 09:16 ET
FactSet shares fall 2% following in line revenues and guidance
FactSet (FDS $100.00 -2.80) reported fourth quarter GAAP earnings of $1.08 per share, $0.02 better than the Capital IQ consensus of $1.06, while revenues rose 8.2% year/year to $207.7 million versus the $207.03 mln consensus. The company issued in-line guidance for the first quarter with GAAP EPS of $1.10-1.12 versus the $1.11 consensus and revenues of $210-213 million versus the $212.60 million consensus. The full year fiscal 2013 guidance for capital expenditures, net of landlord contributions, is $20 mln to $28 mln. The annual effective tax rate is expected to range between 31.5% and 32.5%. Metrics: ASV advanced $20.4 mln organically during the quarter. Including $11.4 mln from the acquisition of StreetAccount, ASV increased $31.9 mln over the last three months. ASV totaled $843 mln at August 31, 2012, up 7% organically over the prior year. Of this total, 81% is derived from buy-side clients and the remainder is from the sell-side firms who perform M&A advisory work and equity research. Client count was 2,392 at August 31, a net increase of 57 clients during the quarter, excluding StreetAccount. This net client increase represents the largest quarterly organic growth since the fourth quarter of fiscal 2006. Annual client retention was greater than 95% of ASV and 92% when expressed as a percentage of clients. Over the past three months, users increased by 1,100 to 49,500, excluding StreetAccount.
