FactSet Research Systems Inc. (FDS) Q4 2022 Earnings Call Transcript

FactSet Research Systems Inc. (NYSE:FDS) Q4 2022 Earnings Conference Call September 22, 2022 11:00 AM ET

Company Participants

Kendra Brown - Senior Vice President, Investor Relations

Phil Snow - Chief Executive Officer

Linda Huber - Chief Financial Officer

Conference Call Participants

Ashish Sabadra - RBC Capital Markets

Faiza Alwy - Deutsche Bank

Owen Lau - Oppenheimer

Manav Patnaik - Barclays

Alex Kramm - UBS

Greg Parrish - Morgan Stanley

George Tong - Goldman Sachs

Craig Huber - Huber Research

Russell Quelch - Redburn

Adam Parrington - Stifel

Operator

Good day and thank you for standing by. Welcome to FactSet Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker for today, Kendra Brown. You may begin.

Kendra Brown

Thank you, and good morning, everyone. Welcome to FactSet’s fourth fiscal quarter 2022 earnings call. Before we begin, I would like to point out that the slides we will reference during this presentation can be accessed via the webcast on the Investor Relations section of our website at factset.com. The slides, as well as a replay of today’s call, will be posted on our website at the conclusion of this call. After our prepared remarks, we will open the call to questions from investors. To be fair to everyone, please limit yourself to one question plus one follow-up.

Before we discuss our results, I encourage all listeners to review the legal notice on slide two, which explains the risks of forward-looking statement and the use of non-GAAP financial measures. Additionally, please refer to our Forms 10-K and 10-Q for a discussion of risk factors that could cause actual results to differ materially from these forward-looking statements.

Our slide presentation and discussions on this call will include certain non-GAAP financial measures. For such measures, reconciliation to the most directly comparable GAAP measures is in the appendix to the presentation and in our earnings release issued earlier today.

Joining me today are Phil Snow, Chief Executive Officer; and Linda Huber, Chief Financial Officer.

I will now turn the discussion over to Phil Snow.

Phil Snow

Thank you, Kendra, and hello, everyone. Thanks for joining us today. I am pleased to share our strong fourth quarter and full year results. We ended fiscal 2022 with organic ASV plus professional services growth of $158 million, accelerating nearly 200 basis points year-over-year to over 9%, topping the high end of our guidance. We achieved annual revenue of $1.84 billion and adjusted EPS of $13.43, with both metrics also above the high end of our guidance range.