REDMOND, Wash. — June 26, 2020 — Microsoft Corp. (NASDAQ: MSFT) (“Microsoft”) today announced a strategic change in its retail operations, including closing Microsoft Store physical locations. The company’s retail team members will continue to serve customers from Microsoft corporate facilities and remotely providing sales, training, and support. Microsoft will continue to invest in its digital storefronts on Microsoft.com, and stores in Xbox and Windows, reaching more than 1.2 billion people every month in 190 markets. The company will also reimagine spaces that serve all customers, including operating Microsoft Experience Centers in London, NYC, Sydney, and Redmond campus locations. The closing of Microsoft Store physical locations will result in a pre-tax charge of approximately $450M, or $0.05 per share, to be recorded in the current quarter ending June 30, 2020. The charge includes primarily asset write-offs and impairments. Source Microsoft
Microsoft Corp. on Wednesday announced that its board of directors declared a quarterly dividend of $0.51 per share. The dividend is payable Sept. 10, 2020, to shareholders of record on Aug. 20, 2020. The ex-dividend date will be Aug. 19, 2020. Source: Microsoft
Satya Nadella: Microsoft Inspire 2020 Keynote Speech July 22, 2020
“Let’s start with Azure. More than ever, organizations are relying on Azure to stay up and running and support critical workloads, from healthcare triage with AI-assisted bots to digital twins in manufacturing to e-commerce in retail.
We are the only cloud that extends to the edge, from Azure Edge Zones for 5G to Azure Sphere for secure IoT. And we’re removing barriers for anyone who wants to migrate to the cloud by addressing their data sovereignty and regulatory needs.
We have 61 datacenter regions today, more than any other cloud provider, and more compliance certifications with 90-plus. In fact, we announced seven new datacenter regions this last fiscal year alone, in Italy, Israel, Mexico, New Zealand, Poland, Qatar and Spain.” Source Microsoft
“Our sales have grown online as our product portfolio has evolved to largely digital offerings, and our talented team has proven success serving customers beyond any physical location,” said Microsoft Corporate Vice President David Porter. “We are grateful to our Microsoft Store customers and we look forward to continuing to serve them online and with our retail sales team at Microsoft corporate locations.”
Microsoft Corp (MSFT)Market Cap 1598.42 Billion
July 22, 2020 2:30 PM – PT Microsoft Fiscal Year 2020 Fourth Quarter Earnings Conference Call Satya Nadella, CEO and Amy Hood, EVP & CFO Source:
Satya Nadella is Chief Executive Officer of Microsoft. Before being named CEO in February 2014, Nadella held leadership roles in both enterprise and consumer businesses across the company. Joining Microsoft in 1992, he quickly became known as a leader who could span a breadth of technologies and businesses to transform some of Microsoft’s biggest product offerings.Most recently, Nadella was executive vice president of Microsoft’s Cloud and Enterprise group. In this role he led the transformation to the cloud infrastructure and services business, which outperformed the market and took share from competition. Previously, Nadella led R&D for the Online Services Division and was vice president of the Microsoft Business Division. Before joining Microsoft, Nadella was a member of the technology staff at Sun Microsystems. Source: Microsoft
(NASDAQ: MSFT) CWEB Analysts view the stock as a long term growth and a great addition to your investment portfolio with an upward momentum of $500 by 2021
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