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Microsoft (MSFT) Unveils Rebranded 365 With Added Features
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Microsoft Corporation (MSFT - Free Report) recently revamped its Office 365 software suite to Microsoft 365, with the addition of new features and capabilities.
A notable change of this rebranding is the launch of Microsoft Teams for everyday consumers, which previously was available only for business organizations.
Moreover, the company is adding improved AI capabilities to Microsoft Editor for Word and Outlook, which facilitates better grammar and plagiarism checks. Excel is also getting a money feature which allows users to track their spending.
Meanwhile PowerPoint is getting an upgrade that enables better presentations through voice recognition. The Edge browser also getting enhanced security as well as a simplified research feature.
Further, Microsoft 365 will now include the family safety app that allows families to monitor their online activities and track location of family members. The revamped Microsoft 365 will be available from Apr 21.
Markedly, as more people are forced to stay at home due to the global coronavirus pandemic, Microsoft 365 is expected to witness robust adoption among general customers which will lead to incremental revenues in the days ahead.
Notably, shares of Microsoft have returned 34.7% in the past year, outperforming the industry’s rally. The rebranding of its Office suite could aid the company to sustain this momentum in 2020.
The decision to revamp the Office suite brand and the addition of improved AI capabilities is likely to give Microsoft a competitive edge over Alphabet’s (GOOGL - Free Report) Google G-Suite and Apple’s (AAPL - Free Report) iWork.
Moreover, the broader availability of Microsoft Teams is expected to aid the company in acquiring subscribers and strengthen its competitive position against communication heavyweights like Zoom Video and Cisco’ (CSCO - Free Report) Webex.
Microsoft has also been adding features to its Teams app, which include background noise suppression in video calls, the ability to view and send messages without an internet connection, in a bid to attract more customers.
These endeavors are expected to further boost demand for the company’s 365 suite which has already witnessed robust adoption in the preceding quarters. Notably, Office 365 commercial revenues climbed 27% year over year in second quarter fiscal 2020, driven by strong installed base growth.
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
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Microsoft (MSFT) Unveils Rebranded 365 With Added Features
Microsoft Corporation (MSFT - Free Report) recently revamped its Office 365 software suite to Microsoft 365, with the addition of new features and capabilities.
A notable change of this rebranding is the launch of Microsoft Teams for everyday consumers, which previously was available only for business organizations.
Moreover, the company is adding improved AI capabilities to Microsoft Editor for Word and Outlook, which facilitates better grammar and plagiarism checks. Excel is also getting a money feature which allows users to track their spending.
Meanwhile PowerPoint is getting an upgrade that enables better presentations through voice recognition. The Edge browser also getting enhanced security as well as a simplified research feature.
Further, Microsoft 365 will now include the family safety app that allows families to monitor their online activities and track location of family members. The revamped Microsoft 365 will be available from Apr 21.
Markedly, as more people are forced to stay at home due to the global coronavirus pandemic, Microsoft 365 is expected to witness robust adoption among general customers which will lead to incremental revenues in the days ahead.
Notably, shares of Microsoft have returned 34.7% in the past year, outperforming the industry’s rally. The rebranding of its Office suite could aid the company to sustain this momentum in 2020.
Microsoft Corporation Price and Consensus
Microsoft Corporation price-consensus-chart | Microsoft Corporation Quote
Brand Revamp to Give Competitive Edge
The decision to revamp the Office suite brand and the addition of improved AI capabilities is likely to give Microsoft a competitive edge over Alphabet’s (GOOGL - Free Report) Google G-Suite and Apple’s (AAPL - Free Report) iWork.
Moreover, the broader availability of Microsoft Teams is expected to aid the company in acquiring subscribers and strengthen its competitive position against communication heavyweights like Zoom Video and Cisco’ (CSCO - Free Report) Webex.
Microsoft has also been adding features to its Teams app, which include background noise suppression in video calls, the ability to view and send messages without an internet connection, in a bid to attract more customers.
These endeavors are expected to further boost demand for the company’s 365 suite which has already witnessed robust adoption in the preceding quarters. Notably, Office 365 commercial revenues climbed 27% year over year in second quarter fiscal 2020, driven by strong installed base growth.
Zacks Rank & Stocks to Consider
Currently, Microsoft carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>