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About a month ago, I highlighted FactSet Research Systems (FDS) as a stock worth watching. The stock is up 13% since then.

I wanted to follow up as several readers asked if recent hedge fund explosions were curtailing FactSet’s business. Good question. Earnings are out today and the short answer is no. For the quarter, FactSet had EPS growth of 30% and revenue growth of 23%.

The CEO said: “Demand for FactSet’s services continued unabated. Users rose to 35,000, up from 33,300 at the beginning of the quarter. Client count was 1,953 as of August 31, a net increase of 39 clients during the quarter.”

Posted by edelfenbein at September 25, 2007 9:40 AM