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Guggenheim on Microsoft (MSFT): 'even though some of these changes make some sense from a business perspective, we believe they make the model more opaque'
September 11, 2024 5:14 AM EDTGuggenheim analyst John DiFucci reiterated a Neutral rating on Microsoft (NASDAQ: MSFT).
The analyst comments "Key Message: Microsoft has reallocated revenue among its businesses, including the most important ones to investors: Azure, O365 Commercial, and Windows. Some of these changes (e.g., moving EMS out of Azure to M365) probably should have been done years ago,... More
