Microsoft Corporation (NASDAQ:MSFT) to Grow on the Back of Cloud, Subscriptions and LinkedIn

Microsoft (NASDAQ:MSFT) has a huge potential to grow due to the company’s initiatives in Cloud, IoT, subscriptions and overall business. Microsoft has successfully slashed its reliance on the traditional PC business. In the first quarter, Office 365 business revenue increased by 45%, and subscriptions increased to 26.2 million, compared to 22.2 million subscriptions a year ago.

Microsoft also earned almost $1 billion from LinkedIn in the first quarter. Investment firm Bernstein’s analyst Mark Moerdler recently reiterated his “Outperform” rating on the stock and gave a price target of $81. The analyst thinks that Microsoft has solid recurring revenue streams from Cloud and subscription.

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