Forecast Of The Day: Microsoft’s Intelligent Cloud Revenues

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Trefis
MSFT: Microsoft logo
MSFT
Microsoft

What?

Microsoft’s (NASDAQ:MSFT) Intelligent Cloud Revenues have increased from around $48 billion in FY’20 to about $60 billion in FY’21. Trefis expects the number to rise to about $63 billion in FY’22 and $66 billion in FY’23.

Why?

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We expect growth to be driven by Azure, the company’s public cloud business, as well as by higher demand for servers.

So What?

We don’t think the projected growth in the cloud business is fully priced into MSFT stock yet. We value the stock at about $323 per share, a premium of about 10% over the current market price.

See Our Complete Analysis For Microsoft

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