Salesforce Makes Good on Promises as U.S. Market Rebounds; Commerce Cloud Thrives in 3Q
Salesforce.com’s third-quarter results came in ahead of our expectations as the company delivered on its assertion that U.S. market weakness in the second quarter was a temporary headwind. Management also touted several wins in the quarter that were heavily aided by the Commerce Cloud, a product born out of the recent Demandware acquisition. We continue to view Salesforce as one of the best-positioned companies in software, reflected in our wide economic moat rating. We are lifting our fair valu...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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