(By Balachander) FactSet Research Systems Inc.(NYSE:FDS), a provider of financial information and analytical applications, reported double-digit growth in quarterly earnings as sales rose.
Earnings per share (EPS) increased 23 percent to $1.08 and net income grew 19 percent to $48.54 million.
Revenue rose 8 percent to $207.6 million for the fourth quarter ended August 31.
Wall Street analysts, on average, expected FDS to earn $1.06 per share on revenue of $207.0 million.
As at August 31, annual subscription value (ASV) was $843 million, up 7 percent from the same period of last year. Client count was 2,392, with 57 clients adding during the fourth quarter.
Looking ahead for the first quarter of 2013, the company expects GAAP EPS in the range of $1.10 to $1.12 on revenue between $210 million and $213 million.
Analysts expect EPS of $1.11 on revenue of $212.60 million.
FDS expects operating margin between 33.5 percent and 34.0 percent for the first quarter, versus 34.0 percent reported for the fourth quarter.
FDS ended Monday's regular trading session at $102.80. The stock has been trading in the 52-week range between $85.38 and $109.20.