Why Microsoft Stock Jumped Nearly 12% in October
Shares of Microsoft (NASDAQ: MSFT) popped by 11.7% in October, according to data provided by S&P Global Market Intelligence, a majority of which came after the company reported strong fiscal first-quarter 2018 results near the end of the month.
Investors were pleased to see the company's total revenue increase by 12% year over year to $24.5 billion, and to see Microsoft's net income jump by 16%. Shareholderswere also happy with the sales results from the productivity and business processes segment -- comprised mainly of its Office products -- which grew by 28%. But the big news from the quarterly report came from the cloud computing services unit.
Image source: Microsoft.
Source: Fool.com
Microsoft Corp. Aktie
380,35 €
0,08 %
Klarer Community-Favorit: Microsoft Corp. mit vielen Buy- und wenigen Sell-Einschätzungen.
Ein positives, aber moderates Potenzial für Microsoft Corp. mit einem Kursziel von 426 € im Vergleich zu 380.35 €.
