If there's a silver lining to the global financial crisis, it's the renewed appreciation for business basics. In this period of uncertainty, company fundamentals and long-term prudence have taken center stage in place of wild-eyed speculation and short-term gains.Â One anecdotal example of this trend is the steady increase in demand forÂ XigniteFundamentals, now our seventh most popular web service, providing U.S. company fundamentals and financial data.
In fact, a new appreciation for fundamentals could very well be the solution to the current crisis. Many large, successful companies originally started during tough economic times. Just a few examples include Google, Microsoft, FedEx, CNN, GE and HP. These companies might not have survived their trying early years without an intense focus on the core fundamentals that drive profitability and long-term growth.
In response to this back-to-basics trend, we've justÂ launched a new web service, XigniteGlobalFundamentals, providing global company fundamentals for securities listed on many major exchanges outside the U.S.Â The service provides market cap, earnings per share, p/e ratios, and beta for companies around the globe. Check out XigniteGlobalFundamentals for yourself.