Recent Developments That Will Add Value to Microsoft

Microsoft's (MSFT) latest quarter results impressed everyone. In addition, management has set a solid direction for the remainder of the fiscal year.

MSFT shares continued to rise in the last trading days, breaking the $300 mark for the first time. Microsoft (NASDAQ:MSFT) Azure and Office365 perform extremely well. Azure has outstripped Amazon (AMZN) AWS and is poised for long-term growth. Office 365 is growing at a double-digit rate, accounting for 26% of the company's revenue. There are also a number of high-value deals and contracts that will help Microsoft's continued growth. Therefore, there are various factors that could push Microsoft shares up in the coming days. With a market cap of $2.3 trillion, impressive growth potential and significant developments, Microsoft has certainly reached a position that cannot be ignored.

Recent Developments That Will Add Value to Microsoft

Microsoft has signed a 10-year, $21.9 billion agreement with the US Army to provide Unified Visual Magnification System headsets. These IVAS helmets will be used by combat personnel. The company also signed a $2 billion deal with AT&T (NYSE:T). With this deal, AT&T will move most of its non-network operations to Azure. The telecommunications company will also use Office 365 products. The company is also focusing on expansion through acquisitions. It has recently entered into an agreement to acquire ZeniMax Media. This $7.5 billion cash deal is expected to help Microsoft significantly increase its video game business.

Impressive Quarterly Results

According to its last quarter report released in July, Microsoft generated $46.2 billion in revenue. This represents an annual increase of 21%. Efficiency and Business Process revenue increased by 15%.

Bottom Line

Microsoft's market share is increasing in various segments. Revenue growth from Azure and Office 365 is seeing significant increases. Additionally, analysts unanimously like the stock. Considering the points mentioned above, Microsoft should be among the options that should be considered for investment.