Full Steam Ahead for Azure, Office 365 as Microsoft Delivers Stellar 2Q Results; Raising FVE to $106
Wide-moat Microsoft reported second-quarter results that beat our above-consensus expectations across the board. The firm saw strong demand for each of its flagship cloud properties, including Azure, Office 365, Dynamics 365, and LinkedIn, while the company enjoyed a strong holiday period for its gaming unit. Management provided its initial update on the impact of U.S. tax reform, which was largely in line with the changes we implemented in our model earlier this month. We continue to be impress...
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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