2017 Is A Year That Microsoft Corporation Should Remember
Microsoft (NASDAQ: MSFT) had a lot to write about this past year. The company beat analysts’ consensus earnings estimates four times in 2017, made great strides towards its high cloud computing goals, and saw its stock price rise more than 30%.
The company is thriving under the leadership of CEO Satya Nadella, and Microsoft’s laser focus on new areas of growth is already paying off. So let’s look at what went well with the company this year.
The share price rose about 30% in the past year, which may not be as high as other high-tech stocks, but there is nothing to be said about a company like Microsoft.
The company obtained the majority of those profits as it repeatedly outperformed analysts’ earnings estimates in four quarterly reports. For example, in the first quarter of fiscal year 2018 (reported at the end of October), the company had earnings of $ 0.84, while analysts expected $ 0.72. And in the previous quarter, Microsoft’s earnings reached a whopping $ 0.98 per share, when analystswere expecting only $ 0.71.
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