5 Best Software Stocks to Buy Now

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1. Microsoft Corporation (NASDAQ: MSFT)

Microsoft is the world’s biggest software company. In fiscal first quarter of 2021, the company posted a net income of $13.9 billion on revenue of $37.2 billion. The company’s Cloud platform Azure is expanding at a rapid pace. Azure public cloud for hosting applications and websites grew 48% in the quarter. Its Intelligent Cloud segment, which includes Azure, Enterprise Services, GitHub and server posted a revenue of $12.99 billion, up 20% year over year and more than the $12.73 billion consensus estimate.

Hedge funds are extremely bullish on Microsoft, with 234 funds having long positions in the company as of the end of the third quarter. The net worth of these stakes is $42.1 billion.

Please also see 10 Blue Chip Dividend Stocks Hedge Funds Are Buying and 11 Best Clean Energy Stocks To Buy Now.

Disclosure: None.

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