Microsoft Corporation (MSFT) shares increased by 5.7% to close at $372.97 in the latest trading session, following a significant volume of shares traded. This development stands in contrast to a 17.4% decline over the past four weeks. The surge is largely driven by strong demand for Microsoft’s AI and cloud services, particularly Azure and Microsoft 365 Copilot, as well as ongoing expansion in AI infrastructure and data center capacity.
The company is projected to report quarterly earnings of $4.21 per share, reflecting a year-over-year increase of 15.3%. Revenue is expected to reach $87.46 billion, a 14.4% rise from the same quarter last year. Additionally, Pegasystems Inc. (PEGA) closed the last trading session up 7.2% at $30.78 and is projected to report an EPS of $0.43, which is a 53.6% increase year-over-year. Both companies currently hold a Zacks Rank of #3 (Hold).
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