NDAQ:MSFT - Post Discussion
Microsoft Corp
> Microsoft is expecting double-digit revenue growth this year
Post by
JasleenDhaka on Nov 04, 2022 2:57pm
Microsoft is expecting double-digit revenue growth this year
Tech stocks to be under pressure due to slow GDP growth Forecasts! • Microsoft saw an 11% YoY revenue growth in its Q1-2023 (quarter ended September). • EPS was 3% below our estimate as R&D expenses were higher than expected. We think the company will continue investing in its Research & Development in cloud services and LinkedIn. • The revenue growth came from server products and cloud services (22% YoY), LinkedIn (17% YoY), and search news/ads (10% YoY) • Microsoft is expecting double-digit revenue growth this year. Our Projections: We are maintaining our FY2023 revenue forecast of $222B, which reflects 12% growth. FY2022 revenue was up 18%. We are expecting a soft Q2, followed by a rebound in the second half. Q2 is likely to be impacted by a strong US$, lower global PC sales, and weaker ad spending. Report link: https://www.researchfrc.com/microsoft-corp-nasdaq-msft-powells-stern-message-is-bad-news-for-tech-stocks/?utm_source=stockhouse.com&utm_medium=Referral&utm_campaign=stockhouse.com&utm_id=Microsoft Our analysts cover some big names like Tesla, Apple, Major Canadian Banks, etc Stand out from the crowd by using our industry insights in your investment decisions! Become a subscriber today, it takes 40 seconds. Create your account on our website and interact with our other 25,000 like-minded investors. *FRC provides issuer-paid coverage. *Past performance is not indicative of future results.
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