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FactSet Reports Impressive Q3 Growth, CEO Highlights AI Investment for Boosting Client Efficiency

FactSet Research Systems Inc (NYSE:FDS) reported third-quarter fiscal 2024 sales growth of 4.3% Y/Y to $552.708 million versus the analyst consensus estimate of $552.712 million.  Organic revenue rose 4.5% Y/Y to $553.43 million, aided by institutional asset managers, asset owners, partners, and corporates. Adjusted EPS of $4.37 beat the analyst consensus estimate of $3.90. The stock price gained after the print. As of May-end, the client count was 8,029, a net increase of 9 clients in the past three months, primarily driven ...