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This page was added to your Microsoft has been transitioning away from personal computing and toward services, which now make up over 60% of revenues. Under the leadership of Satya Nadella the company has made huge strides in cloud computing. The Azure cloud business has been growing over 75%. Like many companies, their stock has taken a hit since reaching record highs in the fall of 2018, yet they have a fortress balance sheet with over $135 billion in cash and short-term assets and less than $70 billion in long-term debt. Microsoft had over $10 billion in free cash flow in their last quarter.
From Jeff Auxier (Trades, Portfolio)'s fourth-quarter 2018 market commentary.
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About the author:
Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.
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