FactSet Research Systems Reports Results for the First Quarter of Fiscal 2013

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* ASV up 7% organically year over year
* Diluted EPS rose 12% to $1.11

NORWALK, Conn., Dec. 18, 2012 (GLOBE NEWSWIRE) -- FactSet Research Systems Inc. (NYSE:FDS)
(Nasdaq:FDS), a leading provider of integrated financial information and analytical applications
to the global investment community, today announced its results for the first quarter of fiscal
2013.

GAAP Results

For the quarter ended November 30, 2012 revenues increased to $211.1 million, up 7.5% compared to
the prior year. Included in this total was $2.7 million of revenue from StreetAccount. Operating
income for the first quarter rose to $71.1 million from $66.8 million in the same period of fiscal
2012. Net income advanced 9.3% to $49.8 million compared to $45.5 million a year ago. Diluted
earnings per share increased 12.1% to $1.11, up from $0.99 in the same period of fiscal 2012. The
acquisition of StreetAccount in June 2012 did not have an impact on FactSet's fiscal 2013 first
quarter diluted earnings per share.

Consolidated Statements of Income

(Condensed and Unaudited) Three Months Ended
November 30,
(In thousands, except per share data) 2012 2011 Change
Revenues $211,085 $196,448 7.5%
Operating income 71,085 66,753 6.5%
Provision for income taxes 21,744 21,486 1.2%
Net income $49,769 $45,544 9.3%
Diluted earnings per share $1.11 $0.99 12.1%
Diluted weighted average shares 44,984 46,103

Philip A. Hadley, Chairman and CEO said, "Against the backdrop of a difficult selling environment,
particularly for the sell-side, FactSet again delivered double-digit EPS growth. We continued our
long track record of reinvesting back into the Company to position FactSet to be even stronger as
I look ahead."

Annual Subscription Value ("ASV")

ASV advanced $5.0 million organically during the quarter. ASV totaled $847 million at November 30,
2012, up 7.0% organically over the prior year. Of this total, 81% is derived from buy-side clients
and the remainder is from the sell-side firms who perform M&A advisory work and equity research.
ASV at any given point in time represents the forward-looking revenues for the next 12 months from
all services currently being supplied to clients.

Financial Highlights - First Quarter of Fiscal 2013

* ASV from U.S. operations was $578 million and $269 million was related to international
operations.
* U.S. revenues were $143.9 million, up 7.0% from the year ago quarter.
* Non-U.S. revenues rose 8.3% to $67.2 million as compared to the same period in fiscal 2012.
* Operating margin was 33.7% for the quarter, down 40 basis points due to the acquisition of
StreetAccount.
* Quarterly free cash flow was $44.5 million.
* Cash and investments totaled $225.2 million at November 30, 2012.
* The effective tax rate for the first quarter was 30.4% as compared to 32.1% a year ago.

Operational Highlights - First Quarter of Fiscal 2013

* Client count was 2,401 at November 30th, a net increase of 9 clients and the 12th consecutive
quarter of net client growth.
* Annual client retention was greater than 95% of ASV and 92% when expressed as a percentage of
clients.
* Users increased by 105 over the past three months and totaled 49,605 professionals at November
30th. Additions from buy-side clients were partially offset by a decline from the sell-side.
* Employee count was 6,020 at November 30th, up 10% over last year and an increase of 285
employees in the first quarter.
* Capital expenditures were $6.1 million.
* A regular quarterly dividend of $13.7 million or $0.31 per share was paid on December 18, 2012
to common stockholders of record as of November 30, 2012.
* The Company repurchased 270,000 shares for $25.4 million during the first quarter. At November
30, 2012, $164.3 million remains authorized for future repurchases.
* Common shares outstanding were 44.3 million at November 30, 2012.

Business Outlook

The following forward-looking statements reflect FactSet's expectations as of December 18, 2012.
Given the number of risk factors, uncertainties and assumptions discussed below, actual results
may differ materially. The Company does not intend to update its forward-looking statements until
its next quarterly results announcement, other than in publicly available statements.

Second Quarter Fiscal 2013 Expectations

* Revenues are expected to range between $212 million and $215 million.
* Operating margin is expected to range between 33.5% and 34.0%.
* The effective tax rate is expected to range between 31.5% and 32.5%.
* GAAP diluted EPS should range between $1.11 and $1.13, the midpoint of the range represents 10%
growth over last year's second quarter.

Conference Call

The Company will host a conference call today, December 18, 2012, at 11:00 a.m. (EST) to review
the first quarter fiscal 2013 earnings release. To listen, please visit the investor relations
section of the Company's website at www.factset.com
http://www.globenewswire.com/newsroom/ctr?d=10015994&l=14&a=www.factset.com&u=http%3A%2F%2Fwww.factset.com
.

Forward-looking Statements

This news release contains forward-looking statements based on management's current expectations,
estimates and projections. All statements that address expectations or projections about the
future, including statements about the Company's strategy for growth, product development, market
position, subscriptions, expected expenditures and financial results are forward-looking
statements. Forward-looking statements may be identified by words like "expected," "anticipates,"
"plans," "intends," "projects," "should," "indicates," "continues," "subscriptions" and similar
expressions. These statements are not guarantees of future performance and involve a number of
risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere
in this release and in FactSet's filings with the Securities and Exchange Commission, particularly
its latest annual report on Form 10-K and quarterly reports on Form 10-Q, as well as others, could
cause results to differ materially from those stated. These factors include, but are not limited
to, the current status of the global economy; the ability to integrate newly acquired companies
and businesses; the stability of global securities markets; the ability to hire qualified
personnel; the maintenance of the Company's leading technological position; the impact of global
market trends on the Company's revenue growth rate and future results of operations; the
negotiation of contract terms with corporate vendors, data suppliers and potential landlords; the
retention of key clients; the successful resolution of ongoing audits by tax authorities; the
continued employment of key personnel; the absence of U.S. or foreign governmental regulation
restricting international business; and the sustainability of historical levels of profitability
and growth rates in cash flow generation.

About Non-GAAP Financial Measures

Financial measures in accordance with generally accepted accounting principles ("GAAP") including
diluted earnings per share have been adjusted to report non-GAAP financial measures. These
measures exclude stock-based compensation expense and amortization of intangible assets. FactSet
uses these non-GAAP financial measures, both in presenting its results to stockholders and the
investment community, and in its internal evaluation and management of the businesses. The Company
believes that these financial measures and the information they provide are useful to investors
because it permits investors to view the Company's performance using the same tools that
management uses to gauge progress in achieving its goals. Investors may benefit from referring to
these non-GAAP financial measures in assessing the Company's performance and when planning,
forecasting and analyzing future periods and may also facilitate comparisons to its historical
performance. The presentation of this financial information is not intended to be considered in
isolation or as a substitute for the financial information prepared and presented in accordance
with GAAP. For more information on these non-GAAP financial measures, please see page 8 of this
release.

About Non-GAAP Free Cash Flow

The GAAP financial measure, cash flows provided by operating activities, has been adjusted to
report non-GAAP free cash flow that includes the cash cost for taxes and changes in working
capital, less capital expenditures.Included in the just completed first quarter was $50.6 million
of net cash provided by operations and $6.1 million of capital expenditures. The presentation of
free cash flow is not intended to be considered in isolation or as a substitute for the financial
information prepared and presented in accordance with GAAP. FactSet uses this financial measure,
both in presenting its results to stockholders and the investment community, and in the Company's
internal evaluation and management of the businesses. Management believes that this financial
measure is useful to investors because it permits investors to view the Company's performance
using the same metric that management uses to gauge progress in achieving its goals and is an
indication of cash flow that may be available to fund further investments in future growth
initiatives.

About FactSet

FactSet, a leading provider of financial information and analytics, helps the world's best
investment professionals outperform. More than 49,600 users stay ahead of global market trends,
access extensive company and industry intelligence, and monitor performance with FactSet's desktop
analytics, mobile applications, and comprehensive data feeds. The Company was named the 2012 Best
Research Provider at the Inside Market Data and Inside Reference Data Awards and has been included
in FORTUNE's Top 100 Best Companies to Work For, the United Kingdom's Great Places to Work and
France's Best Workplaces. FactSet is listed on the New York Stock Exchange and NASDAQ (NYSE:FDS)
(Nasdaq:FDS). Learn more at www.factset.com
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FactSet Research Systems Inc.
Consolidated Statements of Income - Unaudited

Three Months Ended
November 30,
(In thousands, except per share data) 2012 2011

Revenues $211,085 $196,448

Operating expenses
Cost of services 73,586 66,833
Selling, general and administrative 66,414 62,862
Total operating expenses 140,000 129,695

Operating income 71,085 66,753
Other income 428 277
Income before income taxes 71,513 67,030

Provision for income taxes 21,744 21,486
Net income $49,769 $45,544

Diluted earnings per common share $1.11 $0.99

Diluted weighted average common shares 44,984 46,103

FactSet Research Systems Inc.
Consolidated Statements of Comprehensive Income - Unaudited

Three Months Ended
November 30,
(In thousands) 2012 2011

Net income $49,769 $45,544

Other comprehensive income (loss), net of tax
Net unrealized gain (loss) on cash flow hedges 1,287 (2,116)
Foreign currency translation adjustments 3,074 (11,648)
Other comprehensive income (loss) 4,361 (13,764)

Comprehensive income $54,130 $31,780

FactSet Research Systems Inc.
Consolidated Balance Sheets - Unaudited
November 30, August 31,
(In thousands) 2012 2012

ASSETS
Cash and cash equivalents $210,712 $189,044
Investments 14,527 13,919
Accounts receivable, net of reserves 78,895 74,251
Prepaid taxes -- 2,485
Deferred taxes 4,357 5,085
Prepaid expenses and other current assets 11,555 14,341
Total current assets 320,046 299,125

Property, equipment, and leasehold improvements, net 75,521 76,530
Goodwill 246,734 245,791
Intangible assets, net 41,854 43,371
Deferred taxes 22,064 23,113
Other assets 5,637 6,213
TOTAL ASSETS $711,856 $694,143

LIABILITIES
Accounts payable and accrued expenses $28,538 $27,680
Accrued compensation 14,934 41,274
Deferred fees 30,893 30,495
Taxes payable 7,222 --
Dividends payable 13,746 13,727
Total current liabilities 95,333 113,176

Deferred taxes 2,582 2,593
Taxes payable 5,699 5,464
Deferred rent and other non-current liabilities 21,729 20,646
TOTAL LIABILITIES $125,343 $141,879

STOCKHOLDERS' EQUITY
Common stock $460 $456
Additional paid-in capital 159,672 137,569
Treasury stock, at cost (150,990) (122,749)
Retained earnings 595,736 559,714
Accumulated other comprehensive loss (18,365) (22,726)
TOTAL STOCKHOLDERS' EQUITY 586,513 552,264
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $711,856 $694,143

FactSet Research Systems Inc.
Consolidated Statements of Cash Flows -- Unaudited
Three Months Ended
(In thousands) November 30,
2012 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $49,769 $45,544
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization 8,917 8,403
Stock-based compensation expense 5,203 5,880
Deferred income taxes 1,766 57
Gain on sale of assets (2) (1)
Tax benefits from share-based payment arrangements (4,032) (3,178)
Changes in assets and liabilities
Accounts receivable, net of reserves (4,655) 10,171
Accounts payable and accrued expenses 2,851 2,839
Accrued compensation (26,501) (24,523)
Deferred fees 410 (1,279)
Taxes payable, net of prepaid taxes 13,709 10,979
Prepaid expenses and other assets 2,613 539
Deferred rent and other non-current liabilities 997 (611)
Other working capital accounts, net (409) (66)
Net cash provided by operating activities 50,636 54,754

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investments (7,795) (15,000)
Proceeds from sales of investments 7,500 --
Purchases of property, equipment and leasehold improvements, net of proceeds from dispositions (6,097) (6,054)
Net cash used in investing activities (6,392) (21,054)

CASH FLOWS FROM FINANCING ACTIVITIES
Dividend payments (13,631) (12,084)
Repurchase of common stock (28,241) (14,732)
Proceeds from employee stock plans 13,102 7,420
Tax benefits from share-based payment arrangements 4,032 3,178
Net cash used in financing activities (24,738) (16,218)

Effect of exchange rate changes on cash and cash equivalents 2,162 (5,413)

Net increase in cash and cash equivalents 21,668 12,069

Cash and cash equivalents at beginning of period 189,044 181,685
Cash and cash equivalents at end of period $210,712 $193,754

Non-GAAP Financial Measures
Financial measures in accordance with GAAP including diluted earnings per share have been adjusted to report non-GAAP financial measures. FactSet uses these non-GAAP financial measures, both in presenting its results to stockholders and the investment community, and in its internal evaluation and Company believes that these financial measures and the information they provide are useful to investors because it permits investors to view the Company's performance using the same tools that management uses to
gauge progress in achieving its goals. Non-GAAP measures may also facilitate comparisons to FactSet's historical performance.

Three Months Ended
November 30,
(Unaudited) 2012 2011 Change

GAAP Diluted earnings per common share $1.11 $0.99
Stock-based compensation, net of tax (a) 0.08 0.09
Amortization of intangible assets from acquisitions, net of tax (a) 0.03 0.03
Non-GAAP diluted earnings per share (b) $1.22 $1.10 11%

(a) For the purposes of calculating non-GAAP diluted earnings per share above, stock-based compensation expense and amortization of intangible assets are taxed at the effective tax rates. For the three months ended November 30, 2012, the effective tax rate was 30.4%. For the three months ended November 30, 2011, the effective tax rate was 32.1%.

(b) The sum of the diluted earnings per share may not equal the totals above due to rounding.

CONTACT: Rachel Stern
FactSet Research Systems Inc.
203.810.1000