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The company will surely benefit from an anticipated AI product rollout.
Microsoft Cloud revenue for the quarter was $38.9 billion, up 22%, with a gross margin of 71% -- meaning that high-margin cloud revenue now makes up 59% of total revenue.
Microsoft touches virtually all areas of worldwide technology today. Its software powers personal and enterprise computer systems. Azure, its cloud platform, is a foundation for the internet.
Microsoft also announced that it authorized a new share repurchase program worth up to $60 billion in addition to its current program, which had $10.3 remaining as of June 30.
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Microsoft wasn’t one of them. The 10 stocks that made the cut ...
Learn about its net worth and future outlook before investing. Microsoft is in a daily battle with Apple for the title of the world’s most valuable company. Learn about its net worth and future ...
On March 26, 2020, Microsoft announced it was acquiring Affirmed Networks for about $1.35 billion. [130] [131] Due to the COVID-19 pandemic, Microsoft closed all of its retail stores indefinitely due to health concerns. [132] On July 22, 2020, Microsoft announced plans to close its Mixer service, planning to move existing partners to Facebook ...
Investors are curious about one of the most recognizable companies in the world.