Best Tech Stocks to Buy: Microsoft (MSFT)
Microsoft Corporation (NASDAQ:MSFT) may be more than 40 years old, but the company has been acting like a scrappy startup of late.
Microsoft’s aggressive moves into the cloud have turned Mister Softee into the No. 2 player in the industry, Amazon, with its Amazon Web Services. During the latest quarter MSFT’s Azure cloud platform posted a 93% surge in revenues, with the Commercial Cloud business on track for $15.2 billion in annual revenues.
The success should not be a surprise. Microsoft has the right assets to be a dominant operator in the cloud, such as a trusted brand, a global infrastructure, a massive customer base and an ecosystem of millions of developers. The company also has retooled legacy systems like Windows, SQL Server and Office. And MSFT has made spot-on acquisitions such as LinkedIn, mobile app company Xamarin and IoT leader Solair.