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FactSet's 4th-qtr revenue climbs 13.7 pct as subscriptions rise
September 26, 2017 / 11:15 AM / 23 days ago

FactSet's 4th-qtr revenue climbs 13.7 pct as subscriptions rise

Sept 26 (Reuters) - Financial information provider FactSet Research Systems Inc reported a 13.7 percent increase in quarterly revenue on Tuesday, as it signed up more subscribers for its analytics and online asset data services.

FactSet’s net income fell to $59.6 million or $1.52 per share in the fourth quarter ended Aug. 31, from $144.3 million, or $3.55 per share, a year earlier.

The company’s profit in the year-ago quarter benefited from a $112.5 million gain related to the sale of its Market Metrics business.

Revenue rose to $326.6 million from $287.3 million. (Reporting by Sonam Rai in Bengaluru; Editing by Sai Sachin Ravikumar)

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