Microsoft smashes expectations again
Microsoft is in our portfolio because it is one of just two competitive companies in cloud hosting - one of the world’s fastest growing markets. All the updates needed to track the progress of this quality company are in this update.
Investors were clearly expecting a lot of Microsoft's (US: MSFT) first quarter earnings. That would explain why a 14% increase in revenues and 10% increase in earnings - both substantially ahead of analyst forecasts - failed to move the share price following the announcement. And perhaps that is why management has decided to be less exuberant about expectations for the three months to December 2019 by forecasting revenue growth at 9%: lower expectations gives the opportunity…
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