Infosys Reports Solid 1Q; Important New Services and Software Breakout; Shares Undervalued
Infosys reported a solid start to the fiscal year, with good operational execution across the business. Constant-currency revenue growth was in line with our expectations, operating margins were robust despite headwinds, utilization was the highest in recent record, and revenue productivity per employee improved. With management happy with its first-quarter performance, it reiterated its full-year constant-currency revenue guidance of 6.5% to 8.5% and maintained its operating margin outlook of 2...Infosys is a global technology services company based in India. Co. provides business consulting, technology, engineering and outsourcing services. Co.'s end-to-end business solutions include: Consulting and Systems Integration - consulting, enterprise solutions, systems integration and advanced technologies; Business IT Services - application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; and Products, business platforms and solutions, including Finacle™, which addresses core banking, mobile banking and e-banking needs of banks worldwide.
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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