FactSet Q3 raises revenue and income

Source: FactSet

FactSet Research Systems Inc., a leading provider of integrated financial information and analytical applications to the global investment community, today announced its results for the third quarter of fiscal 2011.

For the quarter ended May 31, 2011 revenues increased to $183.6 million, up 15% compared to the prior year. Operating income for the third quarter rose to $61.8 million from $55.7 million in the same period of fiscal 2010. Net income advanced to $43.3 million as compared to $38.7 million a year ago. Diluted earnings per share increased to $0.92, up 14% from $0.81 in the same period of fiscal 2010. The results of the third quarter last year included income tax benefits of $0.03 per diluted share from finalizing prior years' tax returns.

Non-GAAP diluted earnings per share increased 18% compared to the third quarter a year ago. GAAP diluted earnings per share in the third quarter of last year has been adjusted to exclude income tax benefits of $0.03 per diluted share.

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