Citrix Starts 2018 on a Strong Note as Subscription Business Gains Traction, but Shares Fully Valued
Citrix reported first-quarter results that reflected the firm’s streamlined business is beginning to generate top-line performance. The firm’s subscription business delivered more than $100 million in revenue for the first time under Citrix’s new revenue classification, with growth out of the firm’s Workspace Services business (which houses Citrix Cloud) leading the way. We are maintaining our narrow moat rating. Management offered a solid outlook for the balance of the year that came in ahead o...Citrix Systems is an enterprise software company. The company markets and licenses its solutions through multiple channels worldwide, including selling through resellers, direct and over the Web. The company's partner community comprises thousands of value-added resellers known as Citrix Solution Advisors, value-added distributors, systems integrators, independent software vendors, original equipment manufacturers and Citrix Service Providers. The company provides solutions and services that it categorizes into three inter-related and complementary areas: Workspace, Networking and Professional Services.
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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