Wipro Reports in Line Quarter, Focus on Digital and Consulting, Shares Fairly Valued
Wipro reported a decent second quarter performance with IT services revenue on par with our expectations on a constant currency basis. Thankfully, Wipro expanded its operating margin from the lows of the first quarter. Even with two months of salary increases, Wipro’s focus on automation via platforms like Holmes led to incremental margin gains. We continue to see automation as a margin lever for the firm, and with the company looking to implement automation into more complex L2-type activities,...
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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