Ups And Downs: The Best And Worst Tech Stocks In The First Half Of 2017
Submitted by Rick Whiting on
Microsoft
CEO: Satya Nadella
Dec. 30, 2016: $62.17
June 30, 2017: $68.93
Change: +10.87%
On June 29 Microsoft confirmed a long-rumored acquisition of Cloudyn, a developer of software used by businesses and managed service providers to manage their spending on cloud services. On June 8 the company unveiled a deal to acquire cybersecurity startup Hexadite.
For its fiscal 2017 third quarter (ended March 31), Microsoft reported revenue of $22.09 billion, up 7.6 percent from $20.53 billion in last year's third quarter. Net income was $4.80 billion, up nearly 28 percent from $3.76 billion one year before.
The company will report its fiscal 2017 fourth quarter and full year results on July 20.