Intuit Continues Good QBO Subscriber Growth; Focus on Product Enhancement; Shares Overvalued
Intuit’s Small Business & Self-Employed group reported a strong start to the fiscal year. The small business performance helped to boost Intuit’s total revenue growth and we think it sets the company up to achieve full-year revenue growth around 10%. The growth in QuickBooks Online, or QBO, subscribers continues to underpin the firm’s success in the small business and self-employed arena and the company finished the quarter with 2.55 million QBO subscribers (up 56% year over year and 7% sequ...
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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