FactSet (NYSE:FDS), a global financial digital platform and enterprise solutions provider, today announced its financial results for the first quarter of fiscal year 2025.
The company reported GAAP revenues of $568.7 million for the quarter, a 4.9% increase compared to the first quarter of fiscal 2024.
During the period under review, the company's Organic Annual Subscription Value (ASV) reached $2,258.8 million, representing a 4.5% year-over-year growth.
While FactSet's GAAP operating margin for Q1 2025 was 33.6%, a decrease of approximately 120 basis points year-over-year, the adjusted operating margin remained consistent with the prior year at 37.6%.
Earnings per share (EPS) also saw growth, with GAAP diluted EPS at $3.89, up 1.3% and adjusted diluted EPS at $4.37, up 6.1% compared to the same period last year.
Meanwhile, net cash provided by operating activities totalled $86.4 million for the first quarter of fiscal 2025, primarily driven by net income.
Looking ahead, FactSet reaffirmed its fiscal 2025 outlook, projecting GAAP revenues between $2,285 million and $2,305 million, and organic ASV growth between $90 million and $140 million.