Microsoft recovered and touched the $200 mark this week, Bitcoin Millionaire rising from its previous high of $190 on February 2. MSFT.US recovered by 51% from its lowest fall this year at $132, days after the Coronavirus outbreak was declared a pandemic. So we can see that MSFT.US has turned the corner with a strong performance after massive sales in March.
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Microsoft Stock Analysis
Microsoft bravely weathered the storms of the current economic crises as the markets collapsed from mid-March.
COVID-19 had minimal impact on the company’s revenues, citing that its $35 billion revenue for the third quarter of the fiscal year ending March 31 was more than analysts estimated ($33.6 billion). Since the beginning of the year, Microsoft shares (MSFT.US) rose 25% in the midst of troubled global markets. They have risen 133% from January 2018 to date.
As people stayed at home to avoid infection, remote Microsoft applications such as Skype, Office 365 and Microsoft Teams became household names for collaborative work and online learning.
The company reports increased use of Microsoft 365, which includes Azure, Teams, Windows Virtual Desktop, advanced security solutions and Power Platform. In addition, Xbox Live has seen unprecedented demand with a 50% increase in gamers in multiplayer games.
As today’s businesses rely heavily on cloud-based services to expand online exposure, Microsoft’s revenues are expected to grow continuously. As a result, Microsoft Teams, formerly Skype for Business, is a leading center for digital team collaboration, reporting more than 75 million active users in April and serving 200 million participants in daily meetings.
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Microsoft Azure grew 59% and Office 365 increased 25% over last year’s quarter. The company’s earnings per share increased 23% year over year.
In addition, Microsoft currently ranks 13th on the Forbes Global 2000 list with a market value of $1.359 billion. Analysts‘ forecasts for the technology giant include a 13% increase in revenue and a 20% increase in earnings in fiscal year 2020 ending in June.
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