Cognizant Reports Good Finish to Fiscal Year; Strength in Digital Shines; Shares Fairly Valued
Cognizant’s fourth-quarter results were in line with our expectations and signified a strong year for the firm on both the top and bottom line. Cognizant’s recent financial performance continues to illustrate the company’s industry-leading position in providing digital services. To that end, Cognizant’s fiscal 2017 digital revenue grew approximately 30% year over year and contributed to about 27% of the firm’s total yearly revenue. Given the higher-quality nature of this relatively new digital r...
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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