Recent Breach Weighs on Equifax’s 1Q
Equifax’s first-quarter results show that the 2017 breach continues to weigh on results, but also supports our view that the impact will be manageable and that the company’s wide moat remains in place. Overall, revenue grew 3% on a constant-currency basis. Costs related to the breach and the disruption in new business weighed on margins, with EBITDA margins, adjusted for one-time items, declining to 33.5% from 36.0%. During the quarter, Equifax incurred $69 million in net expenses related to the...Equifax Inc. is a provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The company's services are based on databases of consumer and business information. The company uses statistical techniques, machine learning and proprietary software tools to analyze all available data, creating insights, decision-making solutions and processing services for its clients. The company also provides information, technology and services to support debt collections and recovery management. Additionally, the company provides payroll-related and human resource management business process outsourcing services in the United States of America.
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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