Contact Form

Name

Email *

Message *

Cari Blog Ini

Image

Msft News


1

Microsoft Stock News and Headlines for Trading and Investing

Microsoft Stock News and Headlines for Trading and Investing

Microsoft's Profit Rose Last Quarter as Excitement About AI Bolstered Demand

Microsoft's MSFT profit rose last quarter as excitement about artificial intelligence bolstered demand for its software and cloud. For the full year ending June earnings are projected to rise 17% year over year to $11.64 per share while full-year revenue of $244.22 billion.

Microsoft Corp. MSFT recently reported its earnings for the fourth quarter of fiscal 2023, which ended on June 30, 2023. The company reported a profit of $22.1 billion, or $2.71 per share, compared to a profit of $19.7 billion, or $2.48 per share, in the same quarter last year.

Revenue for the quarter was $51.9 billion, up 12% from $46.2 billion in the same quarter last year. The growth was driven by strong demand for the company's cloud computing services, which include Azure, Office 365, and Dynamics 365. Revenue from the company's cloud business grew 32% to $25.7 billion.

Microsoft's earnings were also boosted by strong demand for its software products, which include Windows, Office, and Xbox. Revenue from the company's software business grew 14% to $17.2 billion.

The company's earnings per share were slightly below analysts' estimates, but its revenue beat expectations. Analysts had expected Microsoft to report earnings per share of $2.73 and revenue of $51.6 billion.

Microsoft's stock price has performed well over the past year, rising by more than 20%. The stock is currently trading at around $290 per share.

Analysts are generally positive on Microsoft's stock. They believe that the company is well-positioned to benefit from the continued growth of the cloud computing market. They also believe that the company's software products are still in high demand.

However, there are some risks to investing in Microsoft. The company faces competition from other cloud computing providers, such as Amazon Web Services and Google Cloud Platform. The company also faces competition from other software companies, such as Oracle and SAP.



1

Comments