Brocade Reports Results in Line With Expectations As Merger With Broadcom Remains On Track.
Brocade’s  fiscal 2016 fourth-quarter results were in line with our expectation with revenue coming in above management’s prior guidance and our internal projections. However, the outperformance was largely due to a change in channel revenue recognition methodology that resulted in a $14.4 million revenue increase. More importantly, storage area networking, or SAN, revenue has not recovered and continued to deteriorate, declining 7% from a year ago as fiber channel storage is facing a secular de...
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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