Microsoft 2Q Slightly Underwhelms; Hybrid Cloud Provides Growth Runway; Shares Undervalued
Microsoft reported results that fell modestly short of our and consensus expectations, with revenue in line and EPS light due to several nonoperating factors including a slightly higher tax rate, a slightly higher share count, and slightly lower other income. Overall, results continue to reinforce our thesis, centering around customer adoption of hybrid cloud environments with Azure. Adoption of cloud services in the form of SaaS, PaaS, and IaaS remains strong for Microsoft, and the company has ...Microsoft is a technology company. The company develops and supports software, services, devices, and solutions. The company provides an array of services, including cloud-based solutions as well as solution support and consulting services. The company also delivers relevant online advertising. The company's products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; and video games. The company also designs, manufactures, and sells devices, including personal computers, tablets, gaming and entertainment consoles, other devices, and related accessories.
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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