Large Deal Momentum Continues in Salesforce’s 1Q; MuleSoft Guidance Ahead of Our Expectations
Salesforce reported strong first-quarter results that reflected strong multiproduct deal flow in the quarter. We received management’s initial revenue outlook for MuleSoft, which came in roughly 10% ahead of our initial expectations at the high end of the range. Salesforce continues to see strength across each of its major cloud properties, and we were encouraged to see continued stability in sales cloud growth rates, as these deals typically lead to incremental application consumption as the cu...Salesforce.Com is engaged in customer relationship management technology. The company's Customer 360 is an integrated platform that unites sales, service, marketing, commerce, integration, analytics and more to give companies a single, shared view of their customers. Through its platform and other developer tools, the company also enables third parties to develop additional functionality and applications, or apps, that run on its platform, which are sold separately from or in conjunction with the company's service offerings. The company's cloud service offerings include sales cloud, service cloud, marketing and commerce cloud, and salesforce platform and other.
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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