New Year, Same Story as Cloud Growth Powers Strong First Quarter for Microsoft
Microsoft opened its fiscal 2017 with a strong first quarter, as the company again realized torrid growth rates across its core cloud products, including another quarter of triple-digit revenue and usage growth from Azure. Further, we saw positive momentum in cloud gross margin, which rose 700 basis points to 49% in the quarter. We continue to be encouraged by management’s adept handling of Microsoft’s business model transition, providing further support for our wide moat and stable moat trend r...
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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