Cisco’s Q2 Is in Line; Transition to Software and Subscription Is Under way; Raising FVE to $28
Cisco posted second-quarter fiscal 2017 results largely in line with our expectations and management's guidance. The continuous weakness in switching and routing was offset by solid growth in security, wireless, and collaboration segments. Moreover, the latter three are the driving force behind accelerating deferred revenue growth, 12.5% over a year ago. We are particularly impressed with 51% growth in software and subscription deferred revenue, especially given the higher gross margin nature of...Cisco Systems designs and sells a range of technologies that power the Internet. The company's business is organized into the following three geographic segments: Americas; Europe, Middle East, and Africa; and Asia Pacific, Japan, and China. The company's products and technologies are grouped into the following categories: Infrastructure Platforms; Applications; Security and Other Products. In addition to its product offerings, the company provides a range of service offerings, including technical support services and other services. The company delivers its technologies through software and services. The company's customers include businesses of all sizes, public institutions, governments, and service providers.
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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