Earnings Update: IHS Markit (INFO), FactSet (FDS) revenue rises

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 Earnings Update: IHS Markit (INFO), FactSet (FDS) revenue rises
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Highlights

  • The revenue of IHS Markit Ltd. (NYSE: INFO) increased by 10% YoY.
  • GAAP revenue of FactSet Research Systems Inc. (NYSE: FDS) surged 7.4% YoY.
  • FDS now expects its revenue to be between US$1.70 Bn and US$1.72 Bn in FY22.

Information providers IHS Markit Ltd. (NYSE: INFO) and FactSet Research Systems Inc. (NYSE: FDS) on Tuesday reported considerable revenue growth in their latest quarters.

However, the INFO stock fell 2.80% to US$119.22, while the FDS stock rose 3.82% to US$383.23 at around 9:55 am ET after they declared their results before the opening bell.

Here we explore the quarterly earnings of the companies.

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IHS Markit Ltd. (NYSE: INFO)

IHS Markit is a London-based data provider for the financial market and government agencies.

The company's revenue rose around 10% YoY to US$1.18 billion in Q3, FY21. The net income attributable to the company was US$161.3 million, compared to a net income of US$162.9 million in the year-ago quarter. Its operating income came in at US$290.8 million, as compared to US$261.2 million in the previous year's same quarter.

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The adjusted EBITDA was US$515.6 million against US$486.2 million in Q3, FY20. The cash flow from operations was US$420.7 million against US$402.8 million in the year-ago quarter.

In addition, the adjusted EPS was US$0.85 in Q3, FY21, against US$0.77 in the year-ago quarter.

IHS Markit has a market cap of US$47.95 billion, while the P/E and the forward P/E one-year ratios are 77.12 and 45.77, respectively. Its EPS is US$1.56. The stock grew 34.92 percent YTD.

IHS Markit’s 52-week highest and lowest stock prices were US$125.23 and US$77.17, respectively. The trading volume was 1,253,458 on Sep 27.

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Quarterly earnings of IHS Markit Ltd. (INFO) and FactSet Research Systems Inc. (FDS)

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FactSet Research Systems Inc. (NYSE: FDS)

FactSet is a Connecticut-based technology and data company. It provides integrated financial information and analytic applications for the global investment industry.

On a GAAP basis, the company's revenue increased by 7.4 percent YoY to US$411.89 million in Q4, FY21. Its operating income was US$119.17 million, representing an increase of 20.9 percent from the year-ago quarter.

The company's net income came in at US$101.06 million, or US$2.63 per diluted share, compared to a net income of US$89.07 million, or US$2.29 per diluted share in Q4, FY20.

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For the full fiscal 2021, the company's revenue came in at US$1.59 billion, compared to US$1.49 billion in the previous year.

The firm now expects its GAAP revenue to be between US$1.70 billion and US$1.72 billion in FY2022. It expects its GAAP diluted EPS to be between US$11.60 and US$11.90 for FY22.

Its market cap is US$14.56 billion, while the P/E and the forward P/E one-year ratios are 38.44 and 33.47, respectively. The EPS is US$10.03. The FDS stock jumped 11.65 percent YTD.

FactSet stock logged a 52-week high and low of US$390.96 and US$294.21, respectively. Its share volume on September 27 was 296,350.

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Bottomline


Data companies have seen considerable growth in recent times as most enterprises need various market analytical data to run their operations smoothly. However, investors should evaluate the stocks carefully before investing.

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