Microsoft Corporation (NASDAQ:MSFT) did well in the quarter, based on continued momentum for its cloud-distributed software business and its Office products, as well as promising signs for its customer relationship management business. Microsoft’s management has mainĂ‚Âtained control over operating expenses while at the same time making sizable investments in many areas, such as cloud software, machine learning and artificial intelligence.
From First Eagle Global Value Fund third-quarter 2016 commentary.
