FactSet Sees Profit Growth Driven by Subscription Surge

Reported 2 days ago

FactSet Research Systems has reported an increase in quarterly profits, attributed to a rise in subscriptions for its financial data and analytics services amid a recovering market following the U.S. Federal Reserve's interest-rate cut. The company's annual subscription value grew by 4.9% to $2.27 billion, reflecting the strong demand for its innovative solutions. CEO Phil Snow highlighted the promising pipeline as they move into the second quarter.

Source: YAHOO

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