MSFT – Market expectations are for fading Uniform ROA, but management is confident about their partnerships, revenue, and Microsoft 365

• Microsoft Corporation (MSFT:USA) currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 23.6x Uniform P/E. However, even at these levels, the market has muted expectations for the firm, but management is confident about their partnerships, revenue, and the Microsoft 365 suite
• Specifically, management is confident their strategic partnerships add value through managing the entire data estate and that their operating expenses were lower than expected for the quarter. Furthermore, they are confident their continued revenue growth has been driven by demand for their Azul Hybrid product, and they are confident about the long-term viability of their Microsoft 365 suite.