Report
John Barrett
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Analytics Continue to Drive Strong Cloud Revenue for NICE; Raising FVE to $141

Narrow-moat Nice’s first-quarter revenue hit the high end of management’s guidance ($370 million-$380 million) at $377 million on strong growth in product and cloud revenue. Analytics continues to drive the majority of new business with multiple seven-figure deals closed in the quarter. One of the only areas to give us pause was cloud gross margins, which remain stagnant despite sequential revenue growth of 7% on average each of the last eight quarters. We are raising our fair value estimate to ...
Underlying
NICE Systems Ltd (ADR)

Provider
Morningstar
Morningstar

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.

Analysts
John Barrett

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