Accenture Posts in Line Second Quarter; New Services Continue to Drive Growth, Shares Overvalued
Accenture reported an in line second quarter with revenue growth and foreign exchange headwinds consistent with prior guidance. With the firm expecting improved business momentum in the second half of the year, it raised the midpoint of its revenue forecast from 6.5% to 7.0%. Notably, Accenture sees the relatively weak performing resources and communications & media segments improving in the back half of the fiscal year based on contract visibility. Additionally, the company expects even gre...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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