FactSet Research Systems, (FDS: chart), announced that on a non-GAAP basis it earned 38 cents a share. Revenue advanced 21.1%. The company beat the analysts’ estimates for earnings of 35 cents a share. The company attributed the better than expected results to strong subscription growth. FactSet envisages revenue of $91 million to $93 million for the second quarter.

Park Electrochemical Corp., (PKE: chart), printed circuit boards manufacturer, reported Q3 earnings per share before special items of 41 cents, up from 21 cents in the same period last year. Earnings per share were 48 cents up from 38 cents per share for the comparable period. The company topped analysts’ expectations of 34 cents per share. During the current year''s third quarter, the Company recognized a tax benefit of $1,512,000 relating to the reversal of valuation allowances against deferred tax assets previously recorded in the United States.

Morgan Stanley, (MWD: chart), brokerage services company, reported Q4 net income of $1.68 a share, up 49% from $1.09 a share in the year-earlier period on 28% revenue growth, topping analyst estimate of $1.08 a share. Q4 included an income tax benefit of 26 cents a share, under the American Jobs Creation Act. Annualized return on average common equity was 25.2%, up from 17.4%.

Progress Software Corp, (PGRS: chart), software company, reported Q4 net income of 33 cents a share, up from 28 cents a share in the year-earlier period on 12% revenue growth, missing analyst estimate of 37 cents a share. Pro forma earnings were 38 cents a share. The company announced it would pay $68 million to buy Neon Systems.