Splunk Cloud Set to Soar in Fiscal 2019 Following Strong 4Q Results; Raising FVE to $97
Splunk reported fourth-quarter results that came in ahead of our expectations on both the top and bottom line. The firm is progressing in shifting its customers to recurring revenue streams, most importantly via subscriptions to its Splunk Cloud offering, which is poised to become a more than $150 million business in fiscal 2019. Splunk continues to have success selling its machine log analytics solution across a multitude of use cases to the same customers, supporting our positive moat trend ra...
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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