ZDNet blogger Mary Jo Foley confirms that Microsoft Corporation (NASDAQ:MSFT) would uncover an upgrade program for its next Office suite in 5 weeks.
The scheme would offer free or discounted upgrades to Office 2013 or Office 365, the subscription service that Microsoft announced current summer, to clients who have earlier purchased Office 2010.
Microsoft commonly manages similar deals for Office and its Windows software.
World’s biggest software maker unveiled that deal on March 5, 2010, 14+ weeks earlier than the June 15, 2010, retail launch of Office 2010.
Shifting reader’s focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Hewlett-Packard Company (NYSE:HPQ) fell -0.38% to settle at $18.17, International Business Machines Corp. (NYSE:IBM) moved up +0.22% to end at $206.81 while Sony Corporation (ADR) (NYSE:SNE) jumped +4.40% to finish at $13.05 on Friday.
Microsoft Corporation’s (NASDAQ:MSFT) last session volume of 51.38 million shares was higher than its average volume of 32.29 million shares. The stock after opening at $31.01 hit high price of $31.25 and then closed at $31.21 by scoring +0.87%.
MSFT generated revenue of $73.72 billion in the previous twelve months and earned $16.98 billion. The Company showed a positive 23.03% in the net profit margin as well as in its operating margin which remained at 29.52%. Company’s annual sales growth for the past five years was 7.60%.
The MSFT’s past twelve months price to sales ratio was 3.55 and price to cash ratio remained 3.55. As far as the returns are concerned, the MSFT return on equity was recorded as 27.51% and return on investment increased 20.15% while its return on asset stayed at 14.77%.
The stock showed weekly upbeat performance of +0.84% which was maintained for the month at +3.34%. Likewise the positive performance for the quarter was recorded as +4.66% and for the year was +18.80% while the YTD performance remained at +22.63%.
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