Microsoft stock has risen despite the pandemic
According to LearnBonds, Microsoft has its stock up nearly 28% this year, with a closing price of $202.88 on July 20th.
The report reveals that in the quarter, Microsoft is expected to gain $36.5 billion in revenues, compared to $33.7 billion in 2019. Along with that, its earnings per share are anticipated to grow from $1.37 to $1.38 over the period.
As to the other tech stocks, Amazon, Alphabet, and Apple are respectively up 73%, 15.3%, and 31.3% year to date. In fact, all these companies have a market capitalization topping $1 trillion.
We’ve reported that Microsoft has announced the acquisition of ADRM Software to help firms to more holistically capture and define business concepts.