Cloud Segment To Drive Microsoft’s Stock Growth?

Cloud Segment To Drive Microsoft’s Stock Growth?

Microsoft’s stock (NASDAQ: MSFT) has increased by more than 50% since the end of 2020. In the recently announced Q1 FY 2022 (ended Sep 2021) the company beat consensus estimates for revenue and earnings. Revenue was $45.3 billion, up 22% y-o-y with Intelligent Cloud segment leading the growth…