Cowen says Microsoft’s profitability worries are overblown, predicts more than 15% rally

“However, Cowen predicts the worries are overstated and the software giant will report profitability above expectations” writes Amit Madheshiya for Microsoft shares slightly declined in early Monday morning trading.Microsoft shares are falling, in part because the company gave declining profit margin guidance for the next fiscal year during its mid-July earnings report.”There are multiple levers of upside to FY18 revenue and EPS (namely, Azure, O365, gross margins, phone hardware sale and mix shift).”.

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