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股票分析师更新

Microsoft平静于第二季度收入中担心以积极的看法

尽管投资者担心,但股票被低估为352美元的公允价值估计和强有力的指导。

提及:

微软(MSFT) reported headline fiscal fourth-quarter revenue and EPS results just below the low end of the lowered guidance range from June 2. However, we believe that Microsoft’s fundamentals remain sound, as the company’s performance was hurt mainly by things beyond its control, such as a stronger U.S. dollar, persistent supply chain issues, further scaling back in Russia, and general macroeconomic pressures. We are encouraged by several pockets of strength, such as Azure, the continued migration to Office E5, and traction with the Power platform. We consider guidance to be quite good in the face of investors’ intense fear. We see results as reinforcing our thesis centering on the proliferation of hybrid cloud environments and Azure, as the firm continues to use its on-premises dominance to allow clients to move to the cloud at their own pace. We also think Microsoft’s strong pipeline of large deals bode well for the broader software industry overall. We are maintaining our $352 per share fair value estimate for wide-moat Microsoft and view shares as attractive.

在6月季度中,据报道,收入增长了12%,据报道为518.7亿美元,而低端指导率为519.4亿美元,Factset共识为523.9亿美元。结果包括来自5.95亿美元货币的逆风,中国的供应链问题3亿美元,侵蚀PC市场的供应链问题以及1亿美元的较低的Bing和LinkedIn广告收入。与去年同期相比,生产率和业务流程增长了13%,智能云增长了20%,更多的个人计算增长了2%。尽管我们预计收入减速,但所有细分市场的结果都略有光明,这是由货币压倒性地解释的,这种货币在整个6月的整个6月继续恶化。我们的增长叙事的关键支柱包括据报道,据报道,据报道,据报道,据报道40%,动态365占31%,LinkedIn为26%。

丹·罗曼诺夫(Dan Romanoff)不拥有上述任何证券(实际或有益的)股份。了解晨星编辑政策