Microsoft Sees Trouble Ahead. Is Now the Time to Sell the Stock?
Microsoft (NASDAQ: MSFT), the second-biggest company in the U.S. when measuring market cap, has the power to shift markets with its performance. If Microsoft is struggling, it's a good chance others are too, thus dragging sentiment with it.
But Microsoft's first quarter of fiscal year 2023 (which ended Sept. 30) was a bit of a mixed bag, leaving investors looking for direction. As for Microsoft's stock, investors will need to dive into the good and bad parts of the quarter to gain a better understanding and determine if now is a good time to buy. So let's dissect Microsoft's report and find out.
Azure is Microsoft's cloud computing infrastructure wing. This segment has delivered impressive growth for years, and Q1 was no exception. Azure and other cloud service sales were up 35% year over year in Q1, making it the best-performing segment under Microsoft's umbrella.
Source Fool.com
