Morningstar Inc. closed out 2010 on a high note with a robust Q4. The company today reported consolidated revenue of $151.2 million in the fourth quarter of 2010, a 23.2 percent increase from $122.6 million in the fourth quarter of 2009. For the year ended Dec. 31, 2010, revenue was $555.4 million, an increase of 15.9 percent compared with $479.0 million in 2009.
Revenue from the firm's investment information segment rose 24 percent to $120.4 million in the fourth quarter. In a statement, Joe Mansueto
, chairman and chief executive officer of Morningstar, said, "Our business rebounded nicely in 2010. Organic revenue growth improved sequentially each quarter, with positive trends across most of our product lines. All in all, we're pleased with our performance and our prospects as we continue to execute our key growth strategies."
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