Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We 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 more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 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, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

Salesforce.com has evolved from a salesforce automation point vendor to a full-fledged cloud-based customer relationship management, or CRM, software behemoth. The company has been the key forerunner for software as a service, or SaaS, and we believe the firm is among the most advantageously positioned companies in software to capitalize on the ongoing secular migration to the cloud. We think the market is underappreciating the opportunities Salesforce has to not only grow its business via its existing products, but also through greenfield opportunities. Salesforce has generated consistent, annual share gains across each of its product buckets, yielding leadership positions in salesforce automation (45% share), customer service (18%), marketing (12%), and overall CRM spending (20%).We believe enterprises will increasingly look to consolidate application spending around full-featured suites, leaving Salesforce as the most likely beneficiary in the CRM market, propping up significant top and bottom-line growth for several years. Beyond growth opportunities, we revisit the economics of software as a service and Salesforce.com's path to operating leverage.Analyst: Rodney Nelson

Salesforce.com has evolved from a salesforce automation point vendor to a full-fledged cloud-based customer relationship management, or CRM, software behemoth. The company has been the key forerunner for software as a service, or SaaS, and we believe the firm is among the most advantageously positioned companies in software to capitalize on the ongoing secular migration to the cloud. We think the market is underappreciating the opportunities Salesforce has to not only grow its business via its existing products, but also through greenfield opportunities. Salesforce has generated consistent, annual share gains across each of its product buckets, yielding leadership positions in salesforce automation (45% share), customer service (18%), marketing (12%), and overall CRM spending (20%).We believe enterprises will increasingly look to consolidate application spending around full-featured suites, leaving Salesforce as the most likely beneficiary in the CRM market, propping up significant top and bottom-line growth for several years. Beyond growth opportunities, we revisit the economics of software as a service and Salesforce.com's path to operating leverage.Analyst: Rodney Nelson

May the Force Be With You: Wide-Moat Salesforce.com Is the Newest Software Empire

Salesforce.Com Inc

May the Force Be With You: Wide-Moat Salesforce.com Is the Newest Software Empire