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Microsoft Stock Rose 50% During The COVID-19 Pandemic
Microsoft’s stock price has risen sharply since its March low, reaching more than 50% growth from that time and nearly 29% compared to early 2020.
Microsoft benefited greatly during the Covid-19 pandemic, a time when people worked and studied at home. As noted so far, Microsoft shares have risen sharply since the bottom in March, reaching a growth rate of more than 50% from that time and nearly 29% compared to the beginning of 2020.
Strong resilience stems from very high expectations in the fourth-quarter financial results of Microsoft is expected to publish on 23/7. Experts have raised the company’s earnings forecast and estimated revenue for the years 2021 and 2022.
Experts estimate that Microsoft’s revenue rose 8.25% in the fourth quarter of the fiscal year to $ 36.5 billion, while profits will remain unchanged from last year at $ 1.37 per share… Because the gross profit margin is expected to decrease to 68.2% from 69.1% in the same period last year.
Smart cloud services are seen as the most influential segment, with sales of about 13.1 billion USD.
