WiseTech's Strategic Bolt-On Acquisitions Continue at a Rapid Rate
Narrow-moat-rated WiseTech Global’s first-half result was very strong but weaker than we expected, and management’s earnings guidance implies weaker growth in the second half. Considering it’s already late February, we expect guidance will be reasonably accurate and we’ve cut our full-year earnings forecast accordingly. For example, we’ve cut our revenue forecast by 2% to AUD 350 million, although still slightly ahead of guidance of AUD 332 to 335 million, and our EBITDA forecast has fallen 14% ...WiseTech Global is engaged in providing software solutions to the logistics industry across more than 125 countries. Co. develops, sells and implements software solutions that enable logistics service providers to facilitate the movement and storage of goods and information domestically and internationally. Co.'s customers range from small and mid-sized regional or domestic enterprises to large multi-national companies.
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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