FactSet Research Systems revenues grew to $270.5 millionStaff writer ▼ | December 16, 2015
FactSet Research Systems announced its results for the first quarter of fiscal 2016.
Financial information Adjusted operating income increased 9.6%
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. ■