Report
Rodney Nelson
EUR 101.80 For Business Accounts Only

Cloud Growth Doesn’t Even Scratch the Surface of Microsoft’s Outstanding 1Q; Raising FVE to $89

Microsoft’s first-quarter results came in ahead of our lofty expectations across the board as the company eclipsed a $20 billion run rate in its Commercial Cloud business. The firm continues to draw strength from flagship cloud offerings Azure and Office 365, but the performance of Windows 10 continues to outpace a weak PC market, while the introduction of the Surface Laptop led to a solid quarter for the hardware division. We are maintaining our wide moat rating for Microsoft, and continue to t...
Underlying
Microsoft Corp. CEDEAR

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Rodney Nelson

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