NORWALK, Conn., Sept. 14, 2010 (GLOBE NEWSWIRE) -- FactSet Research Systems (NYSE:FDS) (Nasdaq:FDS), a leading provider of financial information and analytical applications to the global investment community, today announced a breakthrough enhancement that delivers key financial data in FactSet within hours of when earnings press releases are filed as 8Ks.
The cutting-edge parsing technology used to collect the data includes built-in quality assurance procedures, ensuring superior timeliness as well as accuracy. "The result of this automation is a double win for clients, delivering high quality standardized data faster than ever before possible," said Townsend Thomas, Chief Content Officer, FactSet Research Systems. "This enhancement represents a dramatic increase in the speed at which clients can expect to receive data, and will ultimately increase their productivity." This initial release covers U.S. companies and includes more than 150 data items, including the following key standardized metrics:
Since the inception of FactSet Fundamentals, FactSet has taken major strides to advance the collection system of the database, including expanded coverage and improved transparency. The intraday update feature is a developmental milestone that will improve the speed at which financial professionals can expect to receive financial data. Clients can now access intraday updates through any FactSet applications that pull financial data from the FactSet Fundamentals database. The data is also available for screening and modeling in Excel. FactSet plans to expand coverage and data items with future releases.
FactSet (NYSE:FDS) (Nasdaq:FDS) combines integrated financial information, analytical applications, and client service to enhance the workflow and productivity of the global investment community. The company, headquartered in Norwalk, Connecticut, was formed in 1978 and now conducts operations along with its affiliates from more than twenty-three locations worldwide, including Boston, New York, Chicago, San Mateo, London, Amsterdam, Frankfurt, Paris, Milan, Tokyo, Hong Kong, Mumbai, and Sydney. Follow FactSet on Twitter at www.twitter.com/factset.
CONTACT: FactSet Research Systems Meredith Binder 203.810.1000