FactSet Q3 raises revenue and income
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.
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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.