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​Ultimate Stocks: stunning results

07/05/2021

FAANG Technology US

IC Ultimate Stocks logo

The good times continue for the tech titans and online payment specialist covered here, all of which are constituents of our Ultimate Stocks Portfolio and have announced record quarterly results. With cash coffers bulging, it’s hard to see what can halt their dominance.


Microsoft: growth across the board

Microsoft’s (US:MSFT) revenue for the 3rd quarter ending 31 March 2021 rose 19% to $41.7billion, with net income of $15.5 billion (margin 37%) up 44% and diluted earnings per share similarly higher to $2.03.

Consensus expectations had been for revenue of $41bn and earnings per share of $1.77 so that is another massive beat for the Seattle based company.

CEO Satya Nadella commented that “Over a year into the pandemic, digital…

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