Microsoft Corporation to Bring A Change To Financial Report Starting Next Year

The software giant has rolled out a new reporting style for the next quarter of the company to be reported on October 22, 2015.

Microsoft Corporation has recently released a report in which it has discussed some new ideas that it is thinking of adopting to bring about some changes in the way it reports financial quarter’s news to the market. The tech company announced its new ideas to the press in which it focused on making changes to the way things are conveyed to the investors and shareholders. The plan is to make sure that all the relevant stock and financial news that is to be reported to the public is done in such a manner that more preference is given to the ‘mobile first, cloud first’ mantra that the CEO of the firm is seen repeating and working on normally. On the other hand, Microsoft software informed that the financial reporting that will be done by the company in every quarter will give all of its focus on three main departments, including cloud, personal computing and productivity. The software giant is all set to release its earnings report for the first quarter of the fiscal year on October 22, 2015 and will be constructing the report in accordance with the focus on three important departments mentioned above. Since the giant has decided to change the way things are reported to the industry, it has also decided to add the gross margin and revenue digits to the report that will be reported for the first time in a different style. Also, this change will take place only for one quarter and will not follow for the rest. Following the last session of trade that was carried out by Microsoft stock, it was seen that the share value experienced a dip by 1.48 percent, which is a threatening downfall to be considered, bringing the share price to $43.29. The stock of the tech and software giant has scored the highest position on the index with a share price of $50.05 whereas the lowest that was touched by the same stock was at $39.72. Analysts in the tech industry have been looking at the Microsoft shares closely and have come around to have multiple opinions about the activities of the giant business firm. The company has been presented with a ‘buy’ rating by analysts from Piper Jaffray and it also looks like the analyst has an overly bullish outlook on the giant considering the $53 target price that was given to it in a research note. This target also shows that the firm is currently below on the index by 22.4 percent.