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Microsoft Corporation (NASDAQ: MSFT) posted disappointing fourth-quarter numbers on Tuesday owing to the decline in Windows phone sales and $7.6 billion Nokia acquisition write-down. However, Brent Thill, UBS managing director of software research, is bullish on the company going forward. Thill was on CNBC recently to explain why.
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"We think Microsoft is pivoting to the right product portfolio," Thill said. And importantly on the expense side Amy Hood, the CFO, is taking pretty swift action. Microsoft is in the new era where they are effectively saying, 'Look, we are in products that are going to grow and have operating margin rather than going down a lot of different courses of having multiple products that don't go anywhere'. "
Cleansing Will Take Time
"So, we think, they are effectively still kind of clinging the house, if you will, from the old Microsoft and that process is going to take time to cleanse. But overtime we do believe that they are going to produce the type of financial results that investors are looking for. So, I think, when you see the stock I thought investors thought it would be down a little bit more today."
Most Issues Are In The Numbers
"But, I think, they are putting together the right strategy and it's just going to take time, right? The Nokia write down, FX and a handful of other issues around the Windows 10 deferral. But most of those issues now are kind of in the numbers and, I think, investors are looking forward now to the next fiscal year," Thill concluded.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.