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FACTSET FactSet Reports Solid Results for Second Quarter 2021 March 30 , 2021 Revenue increases 6 % and EPS rises 9 % NORWALK , Conn . , March 30 , 2021 ( GLOBE NEWSWIRE ) -- FactSet ( " FactSet " or the " Company " ) ( NYSE : FDS ) ( NASDAQ : FDS ) , a global provider of integrated financial information , analytical applications , and industry - leading service , today announced results for its second quarter ended February 28 , 2021 . Second Quarter Fiscal 2021 Highlights • Revenue increased 6.0 % , or $ 22.0 million , to $ 391.8 million compared with $ 369.8 million for the same period in fiscal 2020. The increase is primarily due to higher sales of analytics and content and technology solutions ( CTS ) . Organic revenues grew 4.9 % to $ 389.2 million during the second quarter of fiscal 2021 from the prior year period . • Annual Subscription Value ( ASV ) plus professional services was $ 1.6 billion at February 28 , 2021 , compared with $ 1.5 billion at February 29 , 2020. The organic ASV plus professional services growth rate , which excludes the effects of acquisitions , dispositions , and foreign currency movements , was 5.5 % . The primary contributors to this growth were higher sales of research and CTS solutions offset by lower sales of analytics solutions . Please see the " ASV + Professional Services " section of this press release for details . • Operating margin increased to 29.6 % compared with 28.7 % for the same period last year . Adjusted operating margin improved to 32.6 % compared with 31.8 % in the prior year period primarily as a result of reduced employee - related operating expenses due to the coronavirus pandemic . • Diluted earnings per share ( EPS ) increased 8.7 % to $ 2.50 compared with $ 2.30 for the same period in fiscal 2020 . Adjusted diluted EPS rose 6.7 % to $ 2.72 compared with $ 2.55 in the prior year period primarily driven by an improvement in operating results partially offset by a higher tax rate . • The Company's effective tax rate for the second quarter increased to 15.7 % compared with 14.0 % a year ago , primarily due to lower windfall tax benefits from stock - based compensation compared with the three months ended February 29 , 2020 . • The Board of Directors of FactSet approved an increase of $ 206 million to the Company's existing share repurchase program on March 23 , 2021 , bringing the total amount available for repurchase under this program to $ 350 million . • FactSet has increased the lower end of its organic ASV plus professional services outlook to $ 70 million from $ 55 million . FactSet reaffirms other metrics of its annual outlook for fiscal 2021. Please see the " Annual Business Outlook " section of this press release for details . " I am proud of how we executed this quarter , resulting in a solid first half of our fiscal 2021 , " said Phil Snow , CEO , FactSet . " In our second quarter we saw a number of key wins validating our strategy for long term growth . Our focus on digital transformation , content expansion , and being an open platform continues to resonate with our clients as they navigate a rapidly evolving landscape . " Key Financial Measures * ( Condensed and Unaudited ) ( In thousands , except per share data ) GAAP revenues Organic revenues Operating income Adjusted operating income SA SA SA EA Three Months Ended February 28 , 2021 February 29 , 2020 Change $ 391,788 $ 369,780 6.0 % $ 389,167 $ 370,968 4.9 % $ 116,133 $ 106,257 9.3 % $ 127,843 $ 117,922 8.4 % Operating margin 29.6 % 28.7 % Adjusted operating margin Net income Adjusted net income Diluted EPS Adjusted diluted EPS SASASALA $ 32.6 % 96,643 105,080 31.8 % $ 2.50 $ $ 2.72 SA SASA E $ 88,686 9.0 % $ 98,348 6.8 % 2.30 8.7 % $ 2.55 6.7 % * See reconciliation of U.S. GAAP to adjusted key financial measures in the back of this press release .