Phil. really all with and and I glad here safe. families healthy you, today. I'm Thank And your you are of hope be you to
that about the well-being uninterrupted know stated, second can our environment. and you for quarter same our provide As clients. of macro updating our half, also we outlook about ensuring given discussing today Phil on is is second of the our time, we the the what employees to At today our service all and priority
As our a we previous on have calls, is two performance halves. tale of discussed
operating half in year-on-year ahead our revenue, EPS. in and are We first margin of XXXX
remains I quarter's results. second continue hiring of the ramp plan areas and to and in of up three-year will on we now technology. walk also the track specifics as Our us content spend investment the through
annual GAAP by revenue primarily prior to and increased million million and wealth, CTS increase, organic million, X result $X increase totaled price was driven X% the which The Americas $XXX by $XXX by million over January year. was our Growth analytics. further supported $XX and respectively.
by driven first increases analytics. international related our in For $XXX revenue the investment XX% increase year. expenses revenue totaled X% versus XXX XX GAAP uptick expenses year. prior International million, for our last segments, plan. to points geographic to XX%. analytics the the decreased our by benefited operating Americas both basis and Americas primarily months, and wealth from spend was to Adjusted and reflects than basis revenue CTS. With GAAP grew largely last growing X% organically. operating margin revenue, half over acceleration faster decreased margin points XXX This the over of
our points higher the on revenue, a last decrease largely came than basis. margins percentage XXX a cost services, As which from in GAAP of basis was year of
our our GAAP sales points. period basis adjusted was On offset the XXX both over entertainment for a from plan, the On lower increase On grew expense. driven expenses, higher the basis as GAAP by reduced marketing. the related expenses revenue, partially execution points high basis, an XX expressed to were by to in points professional expenses, cost adjusted primarily planned On cost investment to gains of related to bad and office salary grew location. fees the was three-year costs from cost investment is in low plan, of increase on adjusted by basis, by technology basis we higher expenses and offset the continue spend percentage of SG&A travel a prior-year year-over-year. costs and a basis, debt the Increased higher GAAP basis, basis. adjusted hiring by shift and productivity due to XX and as
guidance exercises. tax quarter level did was stock on, for include related rate provided a we compensation to benefits XXXX, Keep certain annual our exercises. XX%. includes compensation the fiscal for stock This mind Moving when rate of in we that tax
exercises a adjusted the higher $X.XX stock was the Given also due quarter, in our grew we of lower $X.XX increased EPS the quarter the this during rate. quarter the in performance XXXX. tax to GAAP to And to than $X.XX benefit primarily EPS of strong had second diluted X% amount estimated. versus of X%
related is neared same expiration. period of higher The as related half and Reconciliation space expense. interest timing operating define we the cash due EPS important to of of review the was flow by of our lower last of year. the a generated at when less half leases is free our XXXX This end the lower $XX Looking existing to capex EPS growth cash as rate for note Free locations, release. have year, driven XX% [ph]. reduction to decrease and boosted at fiscal cash which million press of primarily was grew the we capital a quarter, adjustments spend build where to earnings, disclosed facilities spending, primarily expenditures GAAP to over technology of by is out from our some first operations the tax first flow, nearly capital by for office XX% expected
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bought quarter, back price shares at million $XX For the average XXX,XXX the of we share $XXX. for second
to to recently Our $XXX an $XXX share million. total our back Board of Directors the repurchase additional size authorized million bringing program,
creating We and repurchases. repurchase returned have in shareholders to in plan million Over our committed with last we to value over year. of to investors at for our last line long-term form a dividends and XX the remain months, shares share steady the pace $XXX
fiscal our in to we of past months. and live the changed in few The enormously operate Turning the the environment outlook for rest has year.
of FactSet business our recurring model, generates and cash flows. of the strengths stable which One is
is strength solutions high in for our criticality our Another as our reflected rate. clients, the retention of
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succeed resilient As through FactSet a invest and stronger. capacity downturns be result, to to even periods during attributes These should emerge volatility of of periods has has to us through and disruption. proven allow the
overall on and into in duration challenging the year ASV magnitude, to growth, the surrounding of effect the XXXX. second pandemic and makes impact uncertainty economic our forward, of look we As half both the coronavirus it assess the potential further
number However, in impact determining year of we fiscal factors. on XXXX, a the considered possible
sales delay First, positive of also in may cancellations. potential delayed the impact decision-making in a have the cycle. causing longer form This
work Second, implementation being able risk on-site. on due to to restrictions
clients While third, products, of not largest a in ability we at months. significant our It negative strong banks, in who summer possible factors ASV do these could our of hiring August. can effect And virtual our the clients over for investment us technology are have to to year our implementation many ending possible successfully. that realize the this is present our pipeline to seasonal some headwind fiscal the on of execute enable reduced may
range that as in to subscription booked nature. business over risk this to million on million. the is now the a the later ASV revenue expect plus believe we basis. year million today, on important increase could $XX in ASV $XX proportionate fiscal in be we $XX be risk, professional to is second of we Based up It to our With is organic services fiscal know half. in realized our what the the note
to we expect these is It insights assess early would reflect booked the to amount It's revenues we and clients and gain highest hope the limited. time to that for will better the simply more to of numbers in impact experience best be, time. emphasize be XXXX we the over able what XXXX to quarter, fiscal listed too implications ASV year that but estimates to number Given fourth our this at exact be important the XXXX. know from
just revenue. and management in tighter to We our demand. most success third-party offset prior conditions. These help actions. committed believe client hiring variable cost reduced are depending of prudent on and critical that We will reduction any productivity, head lowering Further a expense focus manner lower travel spend expenses a management the that areas with in in costs discretionary count spend realized following to upon locations, our with of building entertainment, would reduction reducing through on remain actions in content moderate economic also expenses and the consistent our
example, third-party and targeted costs in nature. For T&E variable be content would
account as related pandemic We well. also business expenses additional have taken to continuity the and into
increase proven manage to past our Reflected team XX profitability efficiencies. improvements in the our over months, has ability our expenses and
second range first As the Based adjusting in of guidance our operating revenue and to for on mitigate best our potential we ability the other estimates with in growth we in but are the and of direct light ASV the impact our noted, expense were revenue today, on our the which rest reaffirming leaving with lower the half metrics. in line unchanged. our half, guidance reduction are margins our results expectations
the the how grew downturn and both top we We during in we time closing, period are economy. line. future in In to we asked often might point the XXXX-XXXX a which perform bottom
business resilient of and our is strengths. discussed, our greatest one model As
base terms evolved our its to of more and committed of well long-term openness plan deliver in grow, our opportunities product for other and to value critical and course us technology, as look change, our to flexibility, has interoperability, will investment shareholders. it's of to making We times clients. during addition, clients as support In remain
Chris. now we to that, are for Over you, ready questions. With
