5 Most Profitable Robinhood Stocks

2. Microsoft Corporation (NASDAQ:MSFT)

Net Income (TTM) as of December 31, 2022: $67.45 billion

Microsoft Corporation (NASDAQ:MSFT) is a giant tech company with $198 billion in revenue for fiscal year 2022, with Microsoft Cloud surpassing $100 billion in annualized revenue for the first time in the year. For 2022, Microsoft Corporation (NASDAQ:MSFT) is also one of the most profitable in the world with net income of $67.45 billion according to YCharts.

Baron Funds commented on Microsoft Corporation (NASDAQ:MSFT) in a Q3 2022 investor letter,

Shares of Microsoft Corporation (NASDAQ:MSFT) pulled back with the overall software industry on the back of macroeconomic issues, including inflation concerns and rising interest rates. The company reported another strong quarter, highlighted by total revenues growing 16% on a constant currency basis and Microsoft Cloud revenues, now 48% of total sales, growing 33%, with Azure (Microsoft’s infrastructure cloud) growing 46%. These results were driven by strong demand for large commercial cloud contracts, as more businesses are standardizing on Microsoft’s platform and the company is signing larger and longer deals. Initial fiscal year 2023 guidance calls for healthy double-digit revenue and operating income growth. Both foreign exchange and personal computer headwinds were contemplated in the guidance and have continued to worsen, but we have conviction in the company’s strong competitive positioning, durable growth drivers, and margin expansion opportunity over the mid- to long term.