Microsoft Corp (MSFT.O)
Latest Key Developments (Source: Significant Developments)
Fitch on Microsoft's senior unsecured notes - : Fitch rates Microsoft's senior unsecured notes 'AA+'; Long term ratings on negative watch .Rating reflects expectation for structurally higher leverage, given company's intention to fund LinkedIn deal primarily with new debt. Full Article
Moody's : Ratings reflects expectations that microsoft's business model will remain exceptionally robust as it transitions from on premise licensing . Believes microsoft may also raise debt to support future dividend, share buybacks such that gross debt could exceed $90 billion in fiscal 2017 . Expects microsoft will fund pending linkedin acquisition entirely with debt, leading to microsoft's gross adjusted debt to ebitda above 2x .Moody's rates microsoft's new senior notes at aaa. Full Article
Moody's On Microsoft : Moody's confirms Microsoft's Aaa senior unsecured rating; outlook changed to negative . Expects Microsoft will generate profitability with high-30% ebitda margins, free cash flow generation in excess of $13 billion annually .Effective integration of LinkedIn, could provide benefits to ecosystem surrounding Microsoft's cloud based services platform. Full Article
Microsoft Corp CFO Hood : In q4 we did see additional softness in brazil, middle east, and Africa, which were impacted by macroeconomic headwinds- Conf call . "we expect volatility as we saw in both q3 and q4 this year to continue in next fiscal year"- Conf call . "expect the commercial cloud gross margin percentage and dollars to materially improve next fiscal year"- Conf call . "also anticipate our cloud capital expenditure growth curve will slow"- Conf call . "now expect our full year operating expense will be $31.1 billion to $31.4 billion "- Conf call . " based on current currency rates, forecasted geographic mix of revenue, we expect 2 points of negative impact on total revenue in q1"- Conf call . " for q1 expect commercial unearned revenue be within the range of $21.8 billion to $22 billion"- Conf call . " for q1 in productivity and business process, we expect revenue to be $6.4 billion to $6.6 billion"- Conf call . " for q1 for intelligent cloud we expect revenue between $6.1 billion and $6.3 billion "- Conf call . " for q1 anticipate that our OEM revenue will be more in line with overall pc market trends"- Conf call . " for q1 expect operating expenses between $7.35 billion and $7.45 billion"- Conf call . CEO-"with more than $12 billion in commercial cloud annualized revenue run rate, we are on track to achieve our goal of $20 billion in fiscal year 2018 " - Conf call. Full Article
SAN FRANCISCO Microsoft Corp's Teams application will be replacing Skype for Business as the company’s primary teamwork software, Microsoft said on Monday, in its latest effort to defend against the threat of upstart Slack in the workplace collaboration software market.