FactSet (FDS) posted a growth of 22.8% in its first-quarter adjusted EPS primarily due to higher revenue and margin expansion year-over-year. Adjusted operating margin improved to 38.3% compared with 33.6% in the prior year period, primarily due to higher revenue, led by the CGS acquisition, lower third-party content costs, and reduced facilities expenses, partially offset by higher technology expense. Organic revenue grew 8.3%, for the quarter. Looking forward, the company reaffirmed its outlook for fiscal 2023.
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