Factset Research Systems Inc Q1 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst : Really strong margin performance in the quarter, nicely above the full year guidance range. Given you maintained the full year guide, I was just hoping you could speak to the mix of factors driving implied step-up in expenses through the second half of the year or through the remainder of this year. Mostly, just wondering how much of that implied increase is investment spend versus maybe a return to a portion of -- return of a portion of those T&E costs or the facility costs you called out. Just trying to get a sense for that and maybe the cadence of spend throughout the rest of this year. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 21, 2020 / 4:00PM, FDS.N - Q1 2021 Factset Research Systems Inc Earnings Call

Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst : Understood. And then obviously, one of your competitors announced a major merger late last month. I was hoping you could speak to, one, how you anticipate the competitive dynamics in the space to evolve as a consequence of that deal? And then second, what your outlook is in terms of consolidation in the sector broadly? And whether you anticipate continued activity of this type going forward?