Microsoft Stock Forecast: Fast-Growing Cloud Services Are Microsoft’s Long-Term Growth Drivers
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Microsoft Stock Forecast
Summary:- Microsoft Q2 2017 earnings report last week revealed that its cloud computing-related products are indeed its biggest growth drivers.
- The Intelligent Cloud segment’s quarterly revenue was up by 8% at $6.86 billion. Azure cloud server computing service’s revenue increased 93% year-over-year.
- Cloud subscription software service Office 365’s commercial subscribers is up 37%. There are now 24.9 million paying subscribers of Office 365.
- The robust growth in Office 365 and Azure revenue helps offset the 5% drop in Microsoft’s More Personal Computing segment.
- I Know First also gives positive algorithmic forecasts for MSFT. Buying it now while it is still below $70 could be wise and/or prudent.