Large Deal Volume Explodes in Salesforce’s 4Q as Booked Business Passes $20B; Raising FVE to $145
Salesforce closed out fiscal 2018 on a high note, reporting fourth-quarter results that outpaced our expectations. The company closed a record number of large deals in the quarter, driving the firms total book of business (which includes billed and unbilled deferred revenue) to $20 billion, representing more than 40% growth versus the prior-year period. We continue to view Salesforce’s competitive positioning in customer relationship management software as virtually unassailable, and we maintain...
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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