By Katherine Hamilton
FactSet Research Systems recorded higher revenue in the fiscal third quarter, as subscription value rose.
The financial data system on Wednesday said profit fell to $126.7 million, or $3.50 a share, in the quarter ended May 31, from $148.5 million, or $3.87 a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were $4.53, ahead of the $4.45 anticipated by analysts, according to FactSet.
Revenue rose 6% to $622.9 million. Analysts surveyed by FactSet forecast revenue of $617.9 million.
Annual subscription value, which represents the revenue from all subscription services over the next 12 months, was $2.48 billion at the end of May. That was an increase from $2.34 billion at the same time the year before.
FactSet reaffirmed its outlook for the full year, which it provided in March.
Write to Katherine Hamilton at katherine.hamilton@wsj.com