Microsoft (MSFT) Made “an Extraordinary Comeback,” Josh Brown Says

Microsoft’s (MSFT) recently reported fiscal third-quarter results showed that the company had made “an extraordinary comeback,” well-known investor Josh Brown stated on CNBC recently.

Brown, the co-founder and CEO of Ritholtz Wealth Management, added that MSFT is “a magnificent company.”

The Many Positive Aspects of MSFT’s Q3 Results

Calling the tech giant’s results “spectacular,” Brown noted that the firm’s revenue and earnings per share had both surpassed analysts’ average estimates by large amounts.  The company’s top line jumped 13% versus the same period a year earlier, while its net income soared 18% year-over-year.

“Think about how mature this business is and still finding ways to deliver top line and bottom-line growth,” the well-known investor said.

 Brown’s Thoughts on MSFT’s CapEx Numbers

MSFT’s capital expenditures, excluding finance leases, surged 53% last quarter to $16.75 billion, Brown asserted.

The latter metrics made the shareholders of MSFT more upbeat about the company because it’s still investing in its growth and does not appear to be concerned about its own outlook, Brown stated.

The Recent Price Action of MSFT

In the last month, MSFT has gained 21.5%, while it has advanced 6% in the last three months.

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This article is originally published at Insider Monkey