CGI Reports In-Line Full-Year Results; Bookings Remain Healthy; Shares Remain at a Premium
CGI reported full-year results that were in line with our expectations. The firm continued to see demand for its digital-services business as a driving factor behind healthy quarterly bookings growth, with the company recording a fourth-quarter book/bill of 126%. Like the third quarter, CGI is seeing good booking volume for system integration and consulting work, which is directly tied to digital-services demand. We believe this SI&C work is the tip of CGI’s spear that leads to long-term rec...CGI Group is engaged in managing information technology services, including outsourcing, systems integration and consulting, software licenses and maintenance, as well as business process services to help clients realize their strategies and create added value.
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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