Accenture Reports Steady Start to Fiscal 2017; New Services Driving Growth, Shares Above Fair Value
Accenture reported a steady start to fiscal 2017 with the firm posting net revenue near the upper end of its guidance (adjusting for foreign exchange impacts). Notably, the company’s performance was in line with our expectations and management mostly reiterated its full-year outlook. However, the company now expects a foreign exchange impact of negative 2% compared with 0%, as previously guided. Given the updated foreign exchange outlook, Accenture lowered its fiscal 2017 EPS midpoint to $5.76 f...
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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