Revenue during the quarter grew 6.49 percent to $288.06 million from $270.50 million in the previous year period. Gross margin for the quarter contracted 176 basis points over the previous year period to 55.83 percent. Total expenses were 68.65 percent of quarterly revenues, up from 67.72 percent for the same period last year. That has resulted in a contraction of 92 basis points in operating margin to 31.35 percent.

Operating income for the quarter was $90.32 million, compared with $87.31 million in the previous year period.

However, the adjusted operating income for the quarter stood at $95.03 million compared to $90.92 million in the prior year period. At the same time, adjusted operating margin contracted 62 basis points in the quarter to 32.99 percent from 33.61 percent in the last year period.

"We delivered another solid quarter of revenue and earnings growth in a climate that remains challenging for some segments of the market. FactSet's resilient business model and partnership with our clients continues to be a winning formula. Our advances in technology and product are opening up more enterprise discussions with our clients and the breadth of solutions we can provide them," said Phil Snow, FactSet chief executive officer.

For the second-quarter 2017, FactSet Research Systems Inc. revenue to be in the range of $293 million to $298 million. The company forecasts operating income to grow in the range of 31 percent to 32 percent. The company forecasts adjusted operating income to grow in the range of 32.50 percent to 33.50 percent. The company expects diluted earnings per share to be in the range of $1.70 to $1.74. On an adjusted basis, the company expects diluted earnings per share to be in the range of $1.78 to $1.82.

The company has spent $81.42 million cash to meet investing activities during the quarter as against cash outgo of $278.18 million in the last year period.

The company has spent $17.53 million cash to carry out financing activities during the quarter as against cash inflow of $231.70 million in the last year period.

Cash and cash equivalents stood at $173.29 million as on Nov. 30, 2016, down 3.81 percent or $6.86 million from $180.15 million on Nov. 30, 2015.

Working capital decreases marginally
FactSet Research Systems Inc. has witnessed a decline in the working capital over the last year. It stood at $188.44 million as at Nov. 30, 2016, down 1.91 percent or $3.67 million from $192.12 million on Nov. 30, 2015. Current ratio was at 2.38 as on Nov. 30, 2016, down from 2.49 on Nov. 30, 2015.

Days sales outstanding were almost stable at 32 days for the quarter, when compared with the last year period.

Debt moves up
FactSet Research Systems Inc. has witnessed an increase in total debt over the last one year. It stood at $365 million as on Nov. 30, 2016, up 21.67 percent or $65 million from $300 million on Nov. 30, 2015. Factset Research Systems has witnessed an increase in long-term debt over the last one year. It stood at $365 million as on Nov. 30, 2016, up 21.67 percent or $65 million from $300 million on Nov. 30, 2015. Total debt was 34.89 percent of total assets as on Nov. 30, 2016, compared with 29.48 percent on Nov. 30, 2015. Debt to equity ratio was at 0.73 as on Nov. 30, 2016, up from 0.54 as on Nov. 30, 2015.