Will Microsoft (MSFT) Stock Be Helped by New Cloud Product?

Microsoft (MSFT) is revamping its software applications that assist businesses with managing functions such as accounting and HR, and is combining them together in a new cloud product.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Microsoft (MSFT) - Get Report is revamping its software applications that help businesses manage functions including accounting, HR and customer management and is combining them in a new cloud product that will sort and analyze customer information, Bloomberg reports.

Shares of Microsoft are down 1.31% to $50.50 on Wednesday morning.

The new Dynamics 365 brings together different products to allow customers to choose what apps they need for finance, field service, sales, operations, marketing, customer service and other functions, Takeshi Numoto, who oversees marketing for Microsoft's cloud and enterprise business, told Bloomberg.

The cloud services will also have data analysis and visualization tools from Microsoft's Power BI and tools from Cortana to foresee things such as which items and services a customer will need.

The tech giant is attempting to bolster growth of its business applications products by moving them to the cloud, Bloomberg noted.

The products will be available this fall.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.

The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins.

The team believes its strengths outweigh the fact that the company has had sub par growth in net income.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: MSFT

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