) is enhancing its financial and analytics database with the
Fitch solution. It has been incorporated in its entire suite of
Credit risk management solution, which would allow them to
conduct credit risk analysis of their portfolios.
This would be of help to the FactSet customers, as the
existing and new subscribers will have access to the FactSet
database of Fitch Ratings' complete global coverage, such as
Sovereigns, Public Finance, Corporate Finance, Financial
Institutions and the Structured Finance modules.
FactSet management made a recent disclosure that it is
witnessing improving spending trends, as end customers of
financial database products appear to be replacing Bloomberg
workstations with FactSet terminals.
FactSet continues to launch new products and applications
across its segments with special emphasis on financial services
to gain more customers.
With new solutions in its portfolio, the number of clients of
the company increased which positively affected the company's
revenues. The company witnessed revenue growth in most of its
business segments in the last reported quarter.
The company operates in highly competitive markets and it
faces considerable competition in the financial market data,
analytics and related services. We expect competition to
intensify further, going forward. Some competitors such as
Bloomberg L.P., Dow Jones & Company Inc.,
) and Thomson Reuters are also coming up with substitute products
at competitive prices.
FactSet is offering new products and services on a regular
basis. However, adding new customers is still a challenge due to
the sluggish European market, which has led to a slowdown in
FactSet carries a Zacks Rank #2 (Buy).
Investors can consider other stocks in the technology space
) both carrying a Zacks Rank #2 (Buy).
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