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FactSet sees 2023 adjusted EPS $14.50-$14.90, consensus $14.89
The Fly

FactSet sees 2023 adjusted EPS $14.50-$14.90, consensus $14.89

Sees revenue $2.08B-$2.1B, consensus $2.09B. "Our business continues to be resilient, with top-line growth and adjusted margin expansion exceeding our guidance for the second quarter," said Linda Huber, CFO, FactSet. "We are updating our ASV guidance for fiscal 2023, adding $10 million for the CGS business and reducing the core business ASV growth target by $15 million. In total, we expect that our organic ASV growth will be in the range of $145 million to $175 million for fiscal 2023, inclusive of CGS and consistent with our medium-term growth outlook of 8-9%."GAAP operating margin is expected to be in the range of 29.5% to 30.5%. Adjusted operating margin is expected to be in the range of 34.0% to 35.0% FactSet’s annual effective tax rate is expected to be in the range of 13.5% to 14.5%.

Published first on TheFly

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