CGI Reports Solid 2Q; Shifting of Priorities Should Benefit the Company; Shares at a Premium
CGI reported another solid quarter and finished the first half of the fiscal year with healthy bookings and good underlying growth trends across every operating segment. Second-quarter bookings were CAD 3.5 billion, representing a book/bill of 119%, and on a trailing 12-month basis, represented a book/bill of 108%. According to CGI, a larger percentage of their clients are increasing spend on both new applications and existing systems, while moving away from smaller standalone projects to wider ...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.
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