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PhillipCapital keeps 'buy' on Microsoft as all segments beat revenue estimates

Khairani Afifi Noordin
Khairani Afifi Noordin5/19/2022 10:26 AM GMT+08  • 2 min read
PhillipCapital keeps 'buy' on Microsoft as all segments beat revenue estimates
4QFY2022 was guided to be another strong quarter for Microsoft.
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PhillipCapital analyst Timothy Ang has kept his “buy” call on Microsoft, raising his FY2022 PATMI estimate by 3.5% on stronger revenue guidance and lower tax rate.

Following Microsoft's 3QFY2022 results, Ang highlights that all segments beat revenue estimates. In Productivity and Business Processes, for example, Microsoft’s commercial Office 365 and LinkedIn performed better than expected.

“Paid Office 365 commercial users grew 16% to 345 million, exceeding our FY2022 end target of 341 million due to demand from small and medium business and frontline worker offerings,” says Ang.

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