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Office 365, LinkedIn to Boost Microsoft's (MSFT) Q1 Earnings
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Microsoft (MSFT - Free Report) is slated to report first-quarter fiscal 2019 results on Oct 24.
The strong adoption of Office 365 product suite along with LinkedIn is a key catalyst in the to-be-reported quarter.
Office 365 is a subscription plan to access Office applications and other productivity services utilized in cloud services. Microsoft is striving to catch up with Alphabet’s (GOOGL - Free Report) G-Suite by empowering Office 365.
LinkedIn is also growing much faster than previously anticipated. In the last reported quarter, LinkedIn sessions were up more than 41%, reflecting acceleration in engagement. Moreover, mobile sessions were up more than 55% from the year-ago quarter.
Click here to know how the company’s overall Q1 performance is likely to be.
Growing Installed Base: Key Catalyst
For first-quarter fiscal 2019, Productivity and Business Processes revenues are expected between $9.25 billion and $9.45 billion, driven by double-digit growth in Office Commercial and Dynamics.
The Zacks Consensus Estimate for revenues for the Productivity and Business Processes segment is currently pegged at almost $9.40 billion, much higher than $8.24 billion reported in the year-ago quarter.
Microsoft is expected to benefit from growing user base of Office 365 commercial, Outlook mobile and Teams. Moreover, strong adoption of Skype by enterprises is likely to drive growth. The company recently added new functionalities to Skype that aids the video-calling and messaging service to stay true to its original simplified structure.
The new functionalities improve Skype’s competitive position in the messaging services market, which is currently dominated by Tencent’s (TCEHY - Free Report) WeChat and Facebook’s Messenger & WhatsApp.
Further, Microsoft is expanding its footprint in the cybersecurity space through AccountGuard. The solution is developed to provide highly targeted individuals and organizations in the political space with robust protection from cybersecurity threats.
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Office 365, LinkedIn to Boost Microsoft's (MSFT) Q1 Earnings
Microsoft (MSFT - Free Report) is slated to report first-quarter fiscal 2019 results on Oct 24.
The strong adoption of Office 365 product suite along with LinkedIn is a key catalyst in the to-be-reported quarter.
Office 365 is a subscription plan to access Office applications and other productivity services utilized in cloud services. Microsoft is striving to catch up with Alphabet’s (GOOGL - Free Report) G-Suite by empowering Office 365.
LinkedIn is also growing much faster than previously anticipated. In the last reported quarter, LinkedIn sessions were up more than 41%, reflecting acceleration in engagement. Moreover, mobile sessions were up more than 55% from the year-ago quarter.
Click here to know how the company’s overall Q1 performance is likely to be.
Growing Installed Base: Key Catalyst
For first-quarter fiscal 2019, Productivity and Business Processes revenues are expected between $9.25 billion and $9.45 billion, driven by double-digit growth in Office Commercial and Dynamics.
Microsoft Corporation Revenue (TTM)
Microsoft Corporation Revenue (TTM) | Microsoft Corporation Quote
The Zacks Consensus Estimate for revenues for the Productivity and Business Processes segment is currently pegged at almost $9.40 billion, much higher than $8.24 billion reported in the year-ago quarter.
Microsoft is expected to benefit from growing user base of Office 365 commercial, Outlook mobile and Teams. Moreover, strong adoption of Skype by enterprises is likely to drive growth. The company recently added new functionalities to Skype that aids the video-calling and messaging service to stay true to its original simplified structure.
The new functionalities improve Skype’s competitive position in the messaging services market, which is currently dominated by Tencent’s (TCEHY - Free Report) WeChat and Facebook’s Messenger & WhatsApp.
Further, Microsoft is expanding its footprint in the cybersecurity space through AccountGuard. The solution is developed to provide highly targeted individuals and organizations in the political space with robust protection from cybersecurity threats.
The new security offering from Microsoft, which has a Zacks Rank #2 (Buy), is well-timed, given the impending mid-term elections. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
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