Accenture Reports Good Start to Fiscal 2018; Market Leadership Continues; Shares at Premium
Accenture reported a good start to its fiscal 2018, recording particularly strong bookings for its consulting business in the first quarter. Consulting bookings totaled $5.9 billion, an all-time high, and represented 21.5% growth over the prior year and a book/bill ratio of 1.1. The firm said its growth was being propelled by strong demand for digital, cloud, and security services. We believe Accenture has been at the forefront of these types of activities and, with its its top line growing abov...
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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