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FactSet Research Systems revenues grew to $270.5 million

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Staff writer ▼ | December 16, 2015
FactSet Research Systems announced its results for the first quarter of fiscal 2016.
FactSet Research Systems
Financial information   Adjusted operating income increased 9.6%
For the quarter ended November 30, 2015, revenues grew to $270.5 million. Included in this total was $6.0 million from acquisitions completed within the last 12 months and the effects of foreign currency.

Operating income was $87.3 million compared to $80.3 million in the prior year period. Net income was $60.0 million versus $55.9 million a year ago. Diluted earnings per share were $1.43 compared to $1.32 in the same period of fiscal 2015.

Adjusted operating income increased 9.6% over the prior year first quarter as current year adjusted operating income excludes $0.7 million of professional fees related to the Portware acquisition.

Adjusted net income advanced 8.2% over the prior year and excludes the after-tax expense of $0.5 million from these professional fees related to Portware. Adjusted diluted EPS was up 9.1% to $1.44 and excludes the $0.01 per share detriment from acquisition-related expenses.