Adobe Caps Stellar 2016 with Rock-Solid Fourth Quarter; Momentum Should Continue in 2017
Adobe delivered yet another quarter of strong results, eclipsing our lofty expectations to put an exclamation point on a thoroughly successful fiscal year. The company continues to execute as well as any legacy software company in terms of migrating its business to the cloud, as the company ended the year with 78% of its revenue coming by way of recurring subscriptions. We continue to view Adobe as one of the best business models in software today, and we are maintaining our wide moat rating. We...Adobe is a software company. The company provides a line of products and services used for creating, managing, delivering, measuring, optimizing, engaging and transacting with content across personal computers, devices and media. The company's segments are: Digital Media, which provides products, services and solutions that enable individuals, teams and enterprises to create, publish and promote their content; Digital Experience, which provides a platform and set of applications and services through Adobe Experience Cloud; and Publishing, which contains products and services that address market opportunities including eLearning solutions, web conferencing, web application development and printing.
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.
We have operations in 27 countries.
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