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Mangeet Kaur Bouns

The Best Software Stock on Wall Street

Microsoft Mangeet Kaur BounsMangeet Microsoft Corporation VSAT

Microsoft Corporation (MSFT) has successfully transitioned to cloud computing from its past focus on data centers and packaged software. For the fiscal 2023 first quarter ended September 30, 2022, the company reported revenue of $50.12 billion, up 11% year-over-year, primarily driven by growth in Intelligent Cloud and Productivity and Business Processes.

The company’s Intelligent Cloud revenue increase was driven by Azure and other cloud services, while Productivity and Business revenue was driven by Office 365 Commercial and LinkedIn.

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