- Microsoft is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services.
- The group released 3Q22 results on 26 April 2022.
- Revenue increased by 18.4% to $49.4 billion.
- Operating profit grew by 19.4% to $20.4 billion, with an operating margin flat at 41.3%.
- Russian revenue is less than 1% of Microsoft’s revenue (-$0.01 impact on EPS).
- Management notes that the drive to automate business processes is strong, even in a potential slowdown, given the cost benefits.
- Microsoft is one of the best among the big tech peers.
- However, our valuation suggests Microsoft is fully valued at current levels, and thus, recommend a hold position.
- For more information about this counter, please contact your PSG Wealth adviser.
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