Microsoft Just Dropped a Big Hint on Its Most Important Business
One of the primary reasons to own 's (NASDAQ: MSFT) stock over the past few years has been its cloud computing business. Cloud computing is a massive industry that has propelled Microsoft to new heights.
However, Microsoft has long been silent on how much its Azure product contributes to the overall cloud computing business segment, which hasn't allowed investors to analyze where Microsoft is at in terms of market share.
In Microsoft's earnings call for its fiscal 2023 fourth quarter (ended June 30), CEO Satya Nadella finally revealed a critical figure that clues investors in to how much Azure generates. But is that enough to warrant purchasing Microsoft's expensive stock? Let's find out.
Source Fool.com
Microsoft Corp. Stock
€370.70
-0.430%
With 109 Buy predictions and 3 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 424 € shows a slightly positive potential of 14.38% compared to the current price of 370.7 € for Microsoft Corp..
