The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst
: The first one I had was on a comment you made, I think, Linda, on price realization in the Americas in the quarter. Just wondering --
or I think more specifically, you said that you were getting a wider range of clients with price increases. Could you flesh that out a
bit more? Where were you able to get price this past quarter that you hadn't been able to historically? And maybe what you would
attribute that to? Was that inflationary pressures or specific value-based enhancements from some of your investments over the
past couple of years? Any more color there would be great.
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MARCH 24, 2022 / 3:00PM, FDS.N - Q2 2022 Factset Research Systems Inc Earnings Call
Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst
: Great. No, that's helpful. And then maybe for my follow-up. And I apologize if I missed it. I think I cut out a little bit during the prepared
remarks, but could you update us on how you're thinking about the balance sheet and optimizing the balance sheet, having now
gone through the debt offerings. Is there any better sense for your level of comfort on the leverage front or a range for us to think
about in the medium to long term?
Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst
: Just wanted to follow up on the CGS acquisition. Based on the prospectus, it seems like the CGS margins were high 50%. I understand
there's some investments that you're making in trying to make sure you transition some of the technology and back office work
within FactSet. But as we think about normalized margins for that business once you're done with the transition, how should we
think about those margins? And any thoughts on accretion now that you've owned it for less than a month. But as we think -- as we
have better clarity on the funding costs and margins, how should we think about the accretion on an annualized basis going forward?
Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst
: And then maybe just a quick question on analytics. You flagged that analytics was strong across all regions. I was just wondering if
you can talk about the pipeline there going forward and give any additional color on -- if there are certain products within the
analytics, which are driving the strength of certain areas, end markets, which are driving that strength in analytics.
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