Sage Reports Solid First Half; Software Subscription Migration Remains Focal Point; Shares a Premium
Sage reported a solid first-half performance as the company continues to make its shift to cloud connected and/or native recurring revenue products. The first-half announcement was another good chance for relatively new CEO, Steve Hare, to outline his vision for the firm. Hare noted that Sage would be laser focused on three strategic initiatives: customer success, colleague success, and innovation. We remain cautious over the speed at which the firm can make the transition to a full-fledged clou...Sage Group is a technology provider that assists to manage businesses of all sizes. Co. provides a suite of cloud business management solutions and services including accounting, financials, enterprise management, people, payroll, payments and banking, as well as marketplace apps that can be provisioned to match the exact needs of any business. Co. has three reportable segments in which it operates, being Northern Europe (the U.K. and Ireland), Central and Southern Europe (Germany, Switzerland, Poland, France and Portugal) and NorthAmerica (the U.S., Canada and North America Intacct).
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.
We have operations in 27 countries.
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