![]() On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Just keep in mind that the Microsoft share price might not rally sharply in the near term, but there’s still good growth potential for the long haul. It’s fine to consider a small portfolio allocation in MSFT stock. When all is said and done, investors don’t need to go overboard even if they’re bullish about Microsoft’s prospects for the coming quarters. Investors should recognize Microsoft’s growth and achievements in the areas of cloud computing and AI technology development. Microsoft still has room to improve in certain areas. MSFT Stock May Be Worthy of a Small Allocation ![]() So, investors shouldn’t be so bullish on MSFT stock they lose sight of Microsoft’s near-term challenges and obstacles. Jeremy Goldman of research firm Insider Intelligence pointed out, “There are some weaker areas search advertising revenues, for one, is growing slower than most segments.” Microsoft’s quarter wasn’t perfect in every way. This result beat Microsoft’s previous guidance range $23.3 billion to $23.6 billion. Particularly notable was the 21% year-over-year increase in Microsoft’s server products and cloud services revenue. Specifically, quarterly revenue for Microsoft’s cloud-focused business segment (known as Intelligent Cloud) grew 19% year over year to $24.26 billion. Microsoft Shows Its Cloud CloutĪbove all else, Microsoft’s quarterly results demonstrated the company’s powerful position in the cloud computing market. Microsoft is still an AI-tech leader in 2023’s fourth quarter. “The results indicated that artificial intelligence products are stimulating sales and already contributing to top and bottom-line growth,” Cohen posited.ĬEO Satya Nadella assured Microsoft is “ rapidly infusing AI across every layer of the tech stack” in order to drive productivity gains for customers. Jesse Cohen, senior analyst at, read between the lines in the earnings report. Meanwhile, Microsoft reported net income of $2.99 per share, surpassing the analysts’ consensus estimate of $2.65 per share.ĪI didn’t take center stage in the quarterly results. On a year-over-year basis, Microsoft’s quarterly revenue grew 13% to $56.52 billion, beating Wall Street’s call for $54.52 billion. While the earnings event didn’t spur an immediate, massive buying frenzy, it could spark a long-term bull run and give Microsoft’s shareholders a boost of confidence. This was one of the most highly anticipated events of the earnings cycle.īear in mind, MSFT stock had stalled out for several months after rallying in the first half of 2023. Not long ago, Microsoft released its financial results for the July-through-September quarter. MSFT Stock Perks Up After Earnings Release Still, the risk-to-reward balance looks favorable as Microsoft’s results remind investors that the company is still a leader in multiple technology fields. Of course, there are no guarantees that Microsoft shares will gain value during the fourth quarter. The company passed the test with flying colors and MSFT stock now could end 2023 with a rally. More recently, however, Microsoft was put to the test with a closely watched earnings event. Inflation in the eurozone fell from 4.3 percent in September to 2.9 percent in October.Earlier this year, Microsoft (NASDAQ: MSFT) gained widespread recognition for its investment in generative artificial intelligence chatbot developer OpenAI. According to this method, which does not include the cost of living in one's own home, inflation in the Netherlands was -1.0 percent in October. “In addition to food, rice developments in motor fuels and clothing also had a dampening effect on inflation,” CBS said.ĬBS also publishes inflation figures according to the European harmonized calculation method, which makes it easier to compare inflation with other EU countries. Although food products were 7.9 percent more expensive in October than a year earlier, the increase was less than September’s 9.4 percent. The price development for food also had a lowering effect on inflation last month. “Excluding energy, inflation was 5.1 percent.” 360° VIEW IMAGES Microsoft Office 365 Home Personal. Fast and free shipping free returns cash on delivery available on eligible purchase. “The fact that inflation was negative in October is entirely because energy prices were particularly high in October 2022,” CBS said. Buy Microsoft Office 365 Home Personal online on Amazon.ae at best prices. Food prices were still 7.9 percent higher than a year ago, the stats office said. The slight inflation reversal was largely due to lower energy prices. Statistics Netherlands (CBS) confirmed that the Netherlands saw consumer prices drop by 0.4 percent in October.
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