Response #2
I need a response for this post with at least 200 words, two references (references from post below) and at least one Biblical reference.
Microsoft has been at the forefront of the technological boom for the past 25 years. With the further advancement of technology, Microsoft is still out in front as the progression of technology has gone to a whole other level. With the presence of Covid-19, there has been an increasing need for our electronic devices and computing services. Microsoft saw an uptick in business in the fall of 2019 with a 10-year contract with the Pentagon that is worth $10 billion (Greene, 2020).
Software development is at an all-time high with the high demand of dependable software and technology for survival in the business world. The pandemic has brought many challenges in how we work but it has also caused a spike in demand on how we play. Microsoft Xbox has also caused revenue to rise during these trying times. During the fiscal year, Microsoft’s revenue increased by 17 billion. It was up 14 percent from the previous year. There was an increase across the board including operating income, net income, and the stock price has been in a steady incline for not only this year, but the past 5 years.
Microsoft has been a company that has evolved over the years and found ways to re-invent themselves just like many of the other successful companies such as Amazon and Apple. The stock prices are high but there is no reason to believe that the stock prices will fall anytime soon based on the past five years in the stock market. Investing in Microsoft would be a great stock to buy. This pandemic has changed the way the world views things, as well as how things operate. Companies have spent thousands of dollars having meetings in the past that they have now found out through necessity during these trying times, can be conducted in the comfort of your own home with little to no cost. This is the technology age and it will continue to prosper and Microsoft is a company that will be right at the forefront of this movement.
References
Greene, J. (2020). Microsoft weathers the coronavirus pandemic, posting earnings boost from its cloud business. Retrieved from https://www.washingtonpost.com/technology/2020/04/29/microsoft-earnings-coronavirus/.
Yahoo Finance. (2021). Microsoft Corporation. Retrieved from https://finance.yahoo.com/quote/MSFT/financials?p=MSFT.