Microsoft Corp. (NASDAQ:MSFT) also boosted IT sector gains. Commercial cloud offerings fueled growth, as Microsoft posted greater revenues and operating income. The company’s various platforms, including Azure, LinkedIn, Microsoft 365 and Dynamics 365, are also advancing. Strategic initiatives were broadcast at quarter end, as Microsoft sought to unify its artificial intelligence and core Windows into one team; a similar combination was expected between product and office business solutions. Japanese online social networking company, Mixi Inc., and U.S.-based Web.com Group Inc. were the only notable sector detractors.
From Bernard Horn (Trades, Portfolio)'s first quarter 2018 shareholder letter.
