Morningstar reported Thursday that its second-quarter profit rose 18% to $11.2 million, or 24 cents a share, compared to $9.5 million, or 22 cents a share, a year earlier.

The company said the effects of its recent acquisitions, combined with rising demand for its financial advisory services, drove the profits.

The research and rating firm said consolidated revenue rose 36% to $76.3 million, including a $6.8 million contribution from Ibbotson Associates, which it acquired in March.

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