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Factset stock pro and cons
Factset stock pro and cons










factset stock pro and cons

As we shape data and design technology around our clients’ workflows, we remain focused on scaling the use of cognitive technologies and further expanding our Application Programming Interface (API) program to help our clients customize and personalize their workflows. In addition, we were recognized as Snowflake’s 2022 Financial Services Industry Partner of the Year, highlighting the continued success of our partnership in migrating our clients to the data cloud.

factset stock pro and cons

In 2022, we joined the AWS Data Exchange to give our clients more delivery choices and make it easier to access the financial data and insights they need. Our digital capabilities enable clients to access our content and analytics via open, modern solutions. Our digital platform is a competitive advantage and an engine of innovation and growth for FactSet. We are already exploring opportunities to expand beyond CGS’s traditional security identifiers by building new products, including solutions for private companies and loan entities. Together, we are ideally positioned to address our clients' evolving needs while enhancing the value we add to their essential workflows. CGS supports our industry-leading data management capabilities and complements our strengths in symbology, concordance, and reference data management. Our successful acquisition of CGS, which we completed in March 2022, is a natural extension of our content refinery capabilities. And among wealth management clients, our market-leading workstation, advisor dashboard, and portfolio analytics tools drove new business wins and expanded relationships with existing clients. Additionally, we have continued to make strides in our private markets strategy, with private company coverage expanding across our content refinery. We expanded our environmental, social, and governance (ESG) content, leveraging our acquisition of Truvalue Labs, and now partner with more than 45 ESG providers. We have deep sector coverage for eight sectors, adding technology, media, and telecom in 2022, with plans to further build out this coverage. Today, we have a comprehensive suite of data that powers our workflow solutions with more than 20 proprietary content sets, data from more than 800 vendors and brokers, and more than four million client portfolios. We are in the middle of the largest content expansion in FactSet's history, fueled by our recent investments. We know our clients are looking for differentiated, personalized solutions, and as we build on our strategy, we remain committed to growing our content refinery, introducing next-generation workflow solutions, and digitizing our platform. Our strategy to build the leading open content and analytics platform resonates with clients as we relentlessly focus on products and solutions to meet evolving market needs. We also increased our users by 12%, reaching nearly 180,000, with new users representing corporate firms, wealth management, private equity and venture capital firms, channel partners, and asset managers. This year, we further improved our client retention to 92% while expanding our client base to more than 7,500. These efforts have increased client retention and expansion and are helping us win new business. Our business has transformed as we have broadened our client base and product mix and driven sustainable growth through targeted investments and executional excellence. On top of our strong financial results, we reached several exciting milestones: we completed the largest acquisition in our history with the purchase of CUSIP Global Services (CGS), issued our inaugural senior notes with investmentgrade ratings from both Moody's and Fitch, and joined the S&P 500.

factset stock pro and cons

Factset stock pro and cons plus#

We accelerated organic Annual Subscription Value (ASV) plus professional services growth to 9.3%, driven by broad-based outperformance across all our regions and businesses. Our top-line growth has accelerated by more than 400 basis points since 2019, and we once again achieved record revenues in fiscal 2022, marking 42 consecutive years of top-line growth. Underpinning that progress was our longstanding commitment to delivering on our purpose: driving the investment community to see more, think bigger, and do its best work.Īs we reach the end of our three-year investment plan, our foresight to invest in content and technology is delivering returns. Our team continued to innovate, staying true to our goal of delivering purpose-built solutions and mission-critical data that will power tomorrow’s investment professionals. We continued to advance our position as a trusted enterprise partner for our clients. Fiscal 2022 was an outstanding year for FactSet.












Factset stock pro and cons