FactSet boosts workforce

In the final quarter of its fiscal year, FactSet Research Systems added another 280 employees, pushing its total workforce to 5,735 people at the close of August.

FactSet provides data feeds and analysis on the financial markets. The Norwalk-based company earned $48.5 million in its fiscal fourth quarter ending Aug. 31, with revenue increasing 8 percent to $208 million. For fiscal 2012, FactSet profits totaled $189 million and as revenue rose 11 percent to $806 million.

FactSet added 57 corporate clients during the quarter on a net basis, its biggest quarterly gain since the fourth quarter of its 2006 fiscal year. An additional 1,100 people began using its system in its recently concluded quarter, giving it 49,500 users in all.

In June, FactSet acquired StreetAccount L.L.C., which scans for corporate news and economic developments, filtering what is relevant for its users. The Wyoming-based company had $11.4 million in annual subscription revenue at the time of the acquisition.

“They have a much larger client base than we do,” said FactSet CEO Philip Hadley, in a Tuesday conference call. “We didn’t include it in our client metrics, just because it would have skewed the client count ”¦ There (are) lots of clients for us to go sell and new relationships to build upon.”