FactSet Research Systems Inc. (NYSE:FDS) Q4 2020 Earnings Conference Call - Final Transcript
Sep 24, 2020 • 11:00 am ET
in our ability and -- to achieve our milestones in solutions, capabilities and savings, we would need greater visibility in order to reaffirm our 2022 targets, which we are unable to do so today. We have modeled multiple scenarios, including one with an economic recovery that supports our 2022 growth objectives. We believe that we have the right team and right products to see our growth objectives materialize. However, we must continue to weigh the factors I just mentioned, and as time goes on, to see the timeline of our growth targets that may shift from 2022 to beyond.
In closing, our team rose to the many challenges that our industry, our clients and our world faced this year. We posted our highest ASV quarter ever amid a global pandemic and marked 40 years of consecutive growth. Our core strengths served us well: stable business model, strong liquidity, valued solutions and laser focused client service. The results are top line and earnings growth, increasing retention, commitment to investments and growth in our client and employee base. I'm confident that our strategy and team will continue to help us manage successfully through the challenging environment and generate long-term value for our shareholders.
With that, we are now ready for your questions. Over to you, Kevin.