30/01/2025 17:29

Microsoft (MSFT US) $US442.33

2Q results out after market last night and while top line revenue was a beat, the cloud component came in a touch below expectations, and this will be a bit of a concern for the market.

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18/12/2024 09:34

Microsoft Corp (MSFT US) $US454.46

Enterprise software juggernaut Microsoft (MSFT US), has enjoyed solid but not spectacular performance over the past year, up by 22%. There have certainly been bigger winners, with NVIDIA (NVDA US) +165% a clear and well-documented AI standout.

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31/10/2024 17:08

Microsoft (MSFT US) $US432.53

MSFT reported post close overnight with a solid set of results, mildly above market expectations, confirming their push into AI is helping to drive growth.

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18/09/2024 09:27

Microsoft (MSFT US) $US435.15

Microsoft Corp. (MSFT US) rose in premarket trading after boosting its dividend by 10% and unveiling a $60 billion stock-buyback program overnight. However, like much of the market, it surrendered ts early strength ahead of the Fed. This was another example of phenomenal numbers being delivered from a “Super Six” US tech stock:

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12/09/2024 11:44

International Equities Portfolio – Amendments

We are making several changes to the International Equities Portfolio.

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31/07/2024 09:24

Microsoft (MSFT US) $US422.92

Q2 earnings were released after market this morning, and the results were mixed; the shares are trading down ~5% after hours. Revenue for the quarter was an impressive $64.73bn, up 15% year on year and slightly ahead of consensus of $64.39bn, while earnings per share (EPS) at $2.95 was a touch ahead of $2.93 expected – no dramas there.  The issue the market will focus on is a slowdown in their Cloud business, which includes Azure, Windows Server, Nuance, and GitHub. Combined, they generated $28.52bn in revenue, below the $28.68bn expected, implying growth of 29%, which was below the 31% tipped.

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04/07/2024 09:19

Microsoft Corp (MSFT US) $US460.77

We recently described MSFT as a “must-own stock,” but with our 5% position now up over +170%, there is reason to consider trimming our position slightly when we decide the markets are primed for a pullback in the high-valuation names. However, with interest rates on track to be cut by the Fed, we will adopt an if-in-doubt, stay long approach.

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06/06/2024 09:16

Microsoft Corp (MSFT US) $US424.01

In April, Microsoft posted a 17% increase in revenue to $61.9 billion, with $21.9 billion in profits, up 20%, beating Wall Street’s expectations in all areas for the third quarter of its 2024 fiscal year.

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01/02/2024 09:57

Microsoft Corp (MSFT US) $US397.58

MSFT fell -2.7% overnight, only a touch weaker than the NASDAQ which closed down -1.9%. Crowd growth disappointed analysts, although AI revenue continues to impress, with 18% growth in earnings to $US62bn beating estimates of $61.12bn – again current valuation being the biggest issue after recent strong gains.

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24/01/2024 09:18

How is the venture capitalist community thinking about technology?

We read an interesting piece of research published by UBS this week following their 2-day VC conference where a bunch of well-regarded firms discuss emerging enterprise technology trends, the companies that these VC firms have invested in and the impacts these trends may have on publicly traded software stocks.

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