Factset Announces Third Quarter 2019 Financial Results

Factset (NYSE:FDS), a financial data and analytics company announced its third quarter financial results, reporting a 7.2 percent year-over-year increase in revenue to reach US$24.6 million. Annual subscription value came to US$1.45 billion, while the company purchased 175,000 shares during the quarter, valued at US$47.6 million.

As quoted in the press release:

FactSet repurchased 175,000 shares for $47.6 million during the third quarter under the Company’s existing share repurchase program. Over the last 12 months, FactSet has returned $327 million to stockholders in the form of share repurchases and dividends, funded by cash generated from operations and repatriation of foreign earnings.

Additionally, on June 24, 2019, the Board of Directors of FactSet approved an increase of $210 million to the existing share repurchase program. Including this increase, $300 million is currently available for share repurchases.

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