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In a report published Friday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on
Microsoft CorporationMSFT.
In the report, Morgan Stanley noted, “CEO Satya Nadella unveiled Office 365 on the iPad, highlighting Microsoft's increasing focus on leveraging key assets across non-Windows platforms. Our updated analysis points to an added ~$1.3B in annual billings thru greater Office 365 adoption exiting CY15, with the potential offset being a swifter decline in Windows licensing. However, the trade-off towards recurring subscription revenues should be a longer-term positive, in our view.”
Microsoft Corporation closed on Thursday at $39.36.
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