FactSet Beats Estimates, Boosts Dividend and Buyback

| About: FactSet Research (FDS)

FactSet Research Systems, a leading provider of financial information and analytical applications, reported Q2 (ended Feb. 28) net income of $26.5 million (+38% y-o-y), or $0.52/share, on revenue of $116.3m (+24%), beating analysts' average estimate of $0.48/share (Thomson). Factset-Research-chart-03-19-07 FactSet's board approved a 100% quarterly dividend increase to $0.12/share and increased its current share repurchase program by $100m. CEO Philip A. Hadley commented, "The dividend increase and additional share repurchase authorization reflect the consistency of our subscription business model, our historical free cash flow and our continued focus to enhance long-term shareholder value." FactSet forecasts Q3 revenue between $118m - $121m. Shares of FactSet lost 2.82% to $64.70 yesterday and have traded between $41.20 - $66.95 [all-time high] over the past year.

Sources: Press release, MarketWatch
Commentary: Why 'Insider Selling' Can be Misleading: Factset Shares Fall on Nonsense [Jun. '06] • Recommending Factset to Play the Investment Banking Game [Feb. '06]
Stocks/ETFs to watch: FactSet Research Systems (NYSE:FDS). Competitors: Reuters Group plc (RTRSY), Thomson Corp. (TOC)

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