Financial data firm FactSet's Q3 profit falls as clients curb spending
June 23 (Reuters) - Financial data firm FactSet (FDS.N), opens new tab on Monday reported a fall in third-quarter profit, pressured by slower client spending amid ongoing macroeconomic uncertainty.
Trade policy uncertainty under the Trump administration has prompted investors and clients to take a wait-and-see approach, dampening deal flow and demand for market-related products at FactSet.
The company's organic annual subscription value (ASV) — which indicates the revenue potential for the next 12 months from subscription services — rose 4.5% to $2.3 billion during the quarter.
On an adjusted basis, the company earned $4.27 per share for the quarter ended May 31, compared with $4.37 per share in the year-ago period.
Its revenue rose 5.9% to $585.5 million.
FactSet provides financial data and tools that help investors analyze markets, manage risk, and track portfolios.
The company's buy-side clients – including institutional asset managers, wealth managers, asset owners, hedge funds and corporate clients – accounted for 82% of organic ASV.
Shares of the Norwalk, Connecticut-based company fell nearly 0.79% to $419 premarket. The stock has lost nearly 12.1% so far this year, compared with a 1.5% gain for the benchmark S&P 500 index (.SPX), opens new tab.
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Openrouter : Access 300+ AI Models for Seamless Productivity
What if you could access every major AI model—from OpenAI's GPT to Google's Gemini—without juggling multiple platforms or subscriptions? Imagine having a single, intuitive interface where you could compare, customize, and deploy the best large language models (LLMs) for your needs, whether it's crafting compelling content, debugging complex code, or analyzing financial trends. That's the promise of Openrouter, a platform designed to transform how we interact with AI. By consolidating over 300 LLMs into one seamless hub, Openrouter doesn't just simplify workflows; it redefines what's possible in AI-powered productivity. If you've ever felt overwhelmed by the fragmented AI landscape, this walkthrough by the AI Grid will show you how Openrouter can be your ultimate solution. In this guide, you'll uncover how Openrouter enables users of all skill levels to harness the full potential of AI. 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Pay-As-You-Go Pricing: Manage costs effectively by scaling usage based on your needs. Manage costs effectively by scaling usage based on your needs. Advanced Developer Tools: Integrate APIs and automate workflows to streamline processes. These features make Openrouter a versatile and practical tool for a wide range of applications. How to Use Openrouter (Access Every LLM At Once) Watch this video on YouTube. Check out more relevant guides from our extensive collection on Large Language Models (LLMs) that you might find useful. Access to Multiple LLMs Openrouter provides access to a diverse selection of LLMs, including the latest models from top providers. This feature is particularly beneficial for tasks such as: Content Creation: Generate articles, ad copy, or creative writing pieces efficiently. Generate articles, ad copy, or creative writing pieces efficiently. Programming Assistance: Receive support for code generation, debugging, and algorithm optimization. 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