Shares & Derivatives
Microsoft Rises: Earnings Spotlight
By Syfe  •  April 28, 2022
Microsoft (MSFT) has always been one of the most traded stocks on Syfe Trade. Following its recent earnings beat and strong fourth-quarter revenue guidance, you might be watching the stock more closely. Over the past five years, shares of Microsoft have risen almost 300% as the company successfully pivoted into cloud computing under the helm of current CEO Satya Nadella. Having worked in Microsoft’s cloud computing division, Nadella has been instrumental in turning Azure and Microsoft’s other cloud services into key growth drivers for the company. Lately, Microsoft’s share price has fallen, in line with the broader slump in tech stocks. However, the company’s positive earnings boosted the stock this week. Microsoft rose 4.8% during Wednesday’s trading. “Despite current gloom and doom around big tech, Microsoft’s strong revenues and robust forecast highlight that not all tech is at risk,” TECHnalysis Research chief analyst Bob O’Donnell noted....
Read the full article
By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance