Microsoft’s Earnings Keep Powering Higher, Attracting Short Put … – Barchart
Microsoft (MSFT) reported stellar earnings results on Jan. 24, 2023, for its fiscal Q2 ending Dec. 31. The quality of its earnings, cash flow, shareholder returns, and buybacks continues to impress investors. As a result, this is attracting investors in out-of-the-money short put investors in income plays.
The software company was also in the news recently for having made a multi-billion investment in OpenAi, the artificial intelligence (AI) maker of the hugely popular ChatGPT interactive AI bot. This shows that it is in a dead-heat race against Alphabet (GOOG) and other companies in the AI arms race that could disrupt the whole search engine business.
Back on earnings, the company’s massive free cash flow (FCF) of $4.9 billion, was down 49% year over year. But after a one-time tax payment, cash flow was off just 7% and FCF was down just 16% YoY.
However, the company kept up its large shareholder returns. It spent $4.6 billion in buybacks and $5.1 billion in dividends, or $9.7…
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source: https://news.oneseocompany.com/2023/01/29/microsofts-earnings-keep-powering-higher-attracting-short-put-barchart_2023012939855.html
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