Date | Price Target | Rating | Analyst |
---|---|---|---|
6/10/2024 | $570.00 | Buy | New Street |
6/7/2024 | $450.00 → $500.00 | Outperform | Oppenheimer |
4/17/2024 | $460.00 → $480.00 | Overweight | Wells Fargo |
4/12/2024 | $455.00 → $465.00 | Outperform | BMO Capital Markets |
4/11/2024 | $465.00 → $520.00 | Overweight | Morgan Stanley |
3/21/2024 | $490.00 | Overweight | KeyBanc Capital Markets |
1/18/2024 | $471.00 | Neutral → Outperform | Exane BNP Paribas |
12/13/2023 | Buy | Truist |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
☒ |
|
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2023
OR
☐ |
|
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the Transition Period From _____ to ____
Commission File Number 001-37845
ONE MICROSOFT PUERTO RICO RETIREMENT PLAN
Microsoft Corporation
One Microsoft Way
Redmond, Washington 98052-6399
REQUIRED INFORMATION
The One Microsoft Puerto Rico Retirement Plan (the “Plan”) is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Therefore, in lieu of the required information outlined as Items 1-3 of the Form 11-K, the statements of net assets available for benefits and the related statements of changes in net assets available for benefits as of and for the years ended December 31, 2023 and 2022, which have been prepared in accordance with the financial reporting requirements of ERISA, are attached hereto as Appendix 1 and incorporated herein by this reference.
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
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One Microsoft Puerto Rico Retirement Plan |
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Date: |
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June 25, 2024 |
/s/ HERBERT LEWY |
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Herbert Lewy |
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General Manager |
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Date: |
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June 25, 2024 |
/s/ VIVIAN MARTINEZ |
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Vivian Martinez |
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Controller |
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APPENDIX 1
ONE MICROSOFT PUERTO RICO RETIREMENT PLAN
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM;
FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022;
NOTES TO FINANCIAL STATEMENTS; AND
SUPPLEMENTAL SCHEDULE AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2023
ONE MICROSOFT PUERTO RICO RETIREMENT PLAN
TABLE OF CONTENTS
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Page |
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1 |
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Financial Statements: |
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Statements of Net Assets Available for Benefits as of December 31, 2023 and 2022 |
2 |
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Statements of Changes in Net Assets Available for Benefits for the Years Ended December 31, 2023 and 2022 |
3 |
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4 |
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Supplemental Schedule: |
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Supplemental Schedule of Assets (Held at End of Year) as of December 31, 2023 |
9 |
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Exhibit: |
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NOTE: |
All other schedules required by Section 2520.103‑10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable. |
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Plan Participants and Plan Administrator of the One Microsoft Puerto Rico Retirement Plan
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of the One Microsoft Puerto Rico Retirement Plan (the “Plan”) as of December 31, 2023 and 2022, the related statements of changes in net assets available for benefits for the years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2023 and 2022, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Report on Supplemental Schedule
The supplemental schedule of assets (held at end of year) as of December 31, 2023 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in compliance with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, such schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ Deloitte & Touche LLP
Seattle, Washington
June 25, 2024
We have served as the auditor of the Plan since 1999.
1
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, |
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2023 |
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2022 |
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ASSETS |
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Investments, at fair value |
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$ |
31,194,274 |
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$ |
25,538,105 |
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Receivables: |
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Participant loans |
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215,277 |
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326,306 |
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Participant contributions |
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|
18,595 |
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|
|
27,154 |
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Employer contributions |
|
|
6,076 |
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|
|
9,020 |
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Interest and other |
|
|
792 |
|
|
|
841 |
|
|
|
|
|
|
|
|
||
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|
|
|
|
|
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Total receivables |
|
|
240,740 |
|
|
|
363,321 |
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|
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|
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NET ASSETS AVAILABLE FOR BENEFITS |
|
$ |
31,435,014 |
|
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$ |
25,901,426 |
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|
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||
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Refer to accompanying notes.
2
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Year Ended December 31, |
|
2023 |
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|
2022 |
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||
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ADDITIONS |
|
|
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||
Net investment income (loss): |
|
|
|
|
|
|
||
Interest and dividends |
|
$ |
415,386 |
|
|
$ |
314,502 |
|
Net increase (decrease) in fair value of investments |
|
|
5,757,926 |
|
|
|
(7,482,099 |
) |
|
|
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||
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|
|
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||
Net investment income (loss) |
|
|
6,173,312 |
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|
(7,167,597 |
) |
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Contributions: |
|
|
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|
||
Participant contributions |
|
|
1,214,881 |
|
|
|
1,451,461 |
|
Rollover contributions |
|
|
130,891 |
|
|
|
7,149 |
|
Employer contributions |
|
|
380,924 |
|
|
|
411,118 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
||
Total contributions |
|
|
1,726,696 |
|
|
|
1,869,728 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
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||
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|
|
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Interest income on participant loans |
|
|
14,173 |
|
|
|
13,592 |
|
|
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|
|
|
|
|
||
|
|
|
|
|
|
|
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Total additions (deductions) |
|
|
7,914,181 |
|
|
|
(5,284,277 |
) |
|
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||
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|
|
|
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DEDUCTIONS |
|
|
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|
||
Benefits paid to participants |
|
|
2,379,718 |
|
|
|
2,729,465 |
|
Administrative expenses |
|
|
875 |
|
|
|
1,375 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
||
Total deductions |
|
|
2,380,593 |
|
|
|
2,730,840 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
||
NET INCREASE (DECREASE) IN NET ASSETS AVAILABLE FOR BENEFITS |
|
|
5,533,588 |
|
|
|
(8,015,117 |
) |
|
|
|
|
|
|
|
||
NET ASSETS AVAILABLE FOR BENEFITS |
|
|
|
|
|
|
||
Beginning of year |
|
|
25,901,426 |
|
|
|
33,916,543 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
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|
||
End of year |
|
$ |
31,435,014 |
|
|
$ |
25,901,426 |
|
|
|
|
|
|
|
|
||
|
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|
|
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Refer to accompanying notes.
3
NOTES TO FINANCIAL STATEMENTS
NOTE 1 — DESCRIPTION OF THE PLAN AND ACCOUNTING POLICIES
Plan Description
The One Microsoft Puerto Rico Retirement Plan (the “Plan”), a defined contribution retirement plan, is sponsored by the following participating employers: Microsoft Operations Puerto Rico, LLC, Microsoft Caribbean, Inc., and Microsoft Retail Store-Puerto Rico, LLC (collectively, the “Sponsors”). The Sponsors are wholly-owned subsidiaries of Microsoft Corporation. The Plan year is January 1 through December 31. The Plan is administered by the Administrative Committee (the “Plan Administrator”) and subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and Puerto Rico income tax laws. The Plan’s trustee and recordkeeper is Banco Popular de Puerto Rico – Fiduciary Services Division (“Banco Popular de Puerto Rico”). The information below summarizes certain aspects of the Plan as in effect during 2023 and 2022, and is intended to be a summary only. Plan participants should refer to the Summary Plan Description for more complete information.
Accounting Principles
The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Certain prior year amounts have been recast to conform with current year presentation.
Eligibility
Regular and retail services employees of participating employers who are on the Sponsors’ payroll, have reached age 18, and are residents of Puerto Rico may enroll in the Plan at any time. Eligible employees may become a participant in the Plan immediately on their hire date since there is no service requirement to become a Plan participant.
Eligible Compensation
Eligible compensation represents total compensation paid to participants that is included in income for income tax purposes, excluding car allowance, Christmas bonus, severance package, relocation package, signing bonus, rewards, and recognitions.
Contributions
Participant Contributions
Participants may contribute to the Plan on a pre-tax basis using eligible compensation each pay period. Participants reaching age 50 or older by the end of the Plan year may also elect to make additional catch-up contributions to the Plan on a pre-tax basis. Additionally, participants may make contributions on an after-tax basis which may not exceed 10 percent of the aggregate compensation paid to the employee during all the years they have been a Plan participant. Participants may also choose to make rollover contributions representing distributions from other Puerto Rico qualified plans. All contributions are subject to certain Puerto Rico Internal Revenue Code (“PRIRC”) limitations and the limitations set forth in the Plan document.
Effective July 2016, the investment of new contributions or transfer of existing account holdings into Microsoft Common Stock within the Plan was discontinued. Participant accounts with existing Microsoft Common Stock can retain those holdings, and dividends on Microsoft Common Stock can continue to be reinvested.
4
Participant contributions are recorded when withheld.
Employer Contributions
The Sponsors provide participants with a matching contribution on eligible pre-tax contributions up to 50 percent of the amount of the participant’s contribution. The maximum participant contribution amount eligible to be matched is 6 percent of eligible compensation as defined by the Plan. Participants do not receive a match on after-tax contributions.
Employer matching contributions are recorded when participant contributions are withheld.
Participant Accounts
Each participant’s account is credited with (a) participant contributions and employer contributions, and (b) the allocation of Plan earnings and expenses, based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. All amounts in participant accounts are participant-directed. Participants may invest in various instruments including common stock and mutual funds.
Vesting
Participants are fully vested in Plan accounts at all times.
Distributions
Active participants may take a withdrawal from the Plan in the event of a financial hardship. A hardship withdrawal is limited to pre-tax and catch-up contribution accounts. A hardship withdrawal will generally result in a twelve-month suspension of pre-tax and after-tax contributions to the Plan.
In September 2022, the Plan adopted the provision to allow financial hardship in-service withdrawals as provided in the Puerto Rico Treasury Department (“PRTD”) Circular Letter No. 22-13 for participants affected by Hurricane Fiona. The eligible period for the financial hardship in-service withdrawals ended on December 31, 2022. During 2022, in-service withdrawals related to the amendment were $527,613, of which $22,625 were tax withholdings directly remitted to the PRTD.
After reaching age 59 ½, active participants may withdraw all, or any portion, of the balance in their accounts, including withdrawals from their rollover and after-tax account types within the Plan, without meeting one of the hardship criteria.
Distributions, in full or any portion, may also occur if the participant terminates employment, retires, becomes permanently disabled, or dies. Distributions of investments are in the form of cash and are normally made in a lump-sum, unless periodic payments are elected (monthly, quarterly, semiannual, or annual installments of substantially equal amounts over a period not to exceed 10 years). There were no participants who elected to withdraw from the Plan that had not yet been paid as of December 31, 2023 or 2022.
5
Administrative Expenses
Plan administrative expenses are paid by the Sponsors to the extent not paid or offset by the Plan, as provided in the Plan document. Participants are responsible for fees associated with certain transactions such as loan originations and maintenance.
Plan Amendment and Termination
The Sponsors have the right to amend or terminate the Plan. If the Plan is terminated, all account balances will be distributed in the form and manner determined by the Plan Administrator.
Risks and Uncertainties
The Plan utilizes various investment instruments, including common stock and mutual funds. Investment securities, in general, are exposed to various risks, such as interest rate risk, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, including systemic market disruptions and geopolitical events, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.
Estimates and Assumptions
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein. Actual results and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties. The Plan has no contingent assets or liabilities for any periods presented in these financial statements.
Valuation of Investments and Income (Loss) Recognition
Investments are recorded at fair value. Security transactions are accounted for as of the trade date. Dividend income is recorded on the ex-dividend date, and interest income is recorded as earned. Net increase (decrease) in fair value of investments includes the Plan’s gains and losses on investments bought, sold, and held during the year.
Participant Loans
Participant loans are measured at their unpaid principal balance plus any accrued but unpaid interest, and participant loans deemed distributed due to default are included in benefits paid to participants on the statements of changes in net assets available for benefits.
NOTE 2 — FINANCIAL INSTRUMENTS
The Plan accounts for certain assets at fair value. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. The Plan categorizes each of its fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. These levels are:
6
Mutual funds and money market funds are valued at the closing price as reported by the fund. Common stocks are valued at the closing price reported on the active markets on which the individual securities are traded.
Financial Instruments Measured at Fair Value
December 31, 2023 |
|
Level 1 |
|
|
Level 2 |
|
|
Total |
|
|||
|
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|||
Mutual funds |
|
$ |
25,142,131 |
|
|
$ |
0 |
|
|
$ |
25,142,131 |
|
Microsoft Common Stock |
|
|
5,292,387 |
|
|
|
0 |
|
|
|
5,292,387 |
|
Money market funds |
|
|
706,615 |
|
|
|
0 |
|
|
|
706,615 |
|
Other |
|
|
0 |
|
|
|
53,141 |
|
|
|
53,141 |
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|||
Total |
|
$ |
31,141,133 |
|
|
$ |
53,141 |
|
|
$ |
31,194,274 |
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
Level 1 |
|
|
Level 2 |
|
|
Total |
|
|||
|
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|||
Mutual funds |
|
$ |
20,983,222 |
|
|
$ |
0 |
|
|
$ |
20,983,222 |
|
Microsoft Common Stock |
|
|
3,751,744 |
|
|
|
0 |
|
|
|
3,751,744 |
|
Money market funds |
|
|
741,733 |
|
|
|
0 |
|
|
|
741,733 |
|
Other |
|
|
0 |
|
|
|
61,406 |
|
|
|
61,406 |
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|||
Total |
|
$ |
25,476,699 |
|
|
$ |
61,406 |
|
|
$ |
25,538,105 |
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
NOTE 3 — PARTICIPANT LOANS
Participants may borrow from their accounts up to a maximum loan amount equal to the lesser of (a) 50 percent of the vested account balance; or (b) $50,000, reduced by: (1) the current outstanding balance of all other loans from the Plan, and (2) the excess (if any) of all Plan loans during the previous 12 months over the current outstanding balance of Plan loans. The minimum amount that a participant can borrow is $500. Participants are limited to two loans outstanding at a time – one Primary Residence Loan and one General Purpose Loan. Subject to approval of the Plan Administrator and a natural disaster (as defined in the Plan document), participants may also have an Emergency Loan outstanding.
The term of a Primary Residence Loan may not exceed 15 years. The term of a General Purpose Loan may not exceed five years or be less than 12 months. The interest rate for participant loans is one percent over the prime rate, determined on a monthly basis. The range of interest rates for outstanding Primary Residence Loans as of December 31, 2023 was 4.25 percent to 9.50 percent, maturing at various dates through September 2038. The range of interest rates for outstanding General Purpose Loans as of December 31, 2023 was 4.25 percent to 9.50 percent, maturing at various dates through September 2028. There were no Emergency Loans outstanding as of December 31, 2023 or 2022.
Loan repayments are made through after-tax payroll deductions. Terminated employees generally have 90 days to elect to continue to make loan repayments or pay off the loan in full. Failure of the terminated employee to establish a loan repayment schedule or payoff the loan in full during this 90-day window generally results in a default of the loan, which is taxable income to the participant.
7
NOTE 4 — TAX STATUS
The PRTD has determined and informed the Plan, by a letter dated June 2, 2014, that the Plan is qualified as a tax-exempt plan under the appropriate sections of the PRIRC. The determination letter covered Plan amendments adopted through April 1, 2013. The Plan has been amended since receiving the determination letter; however, the Plan Administrator believes that the Plan is currently designed and operated in compliance with the applicable requirements of the PRIRC. Therefore, the Plan is tax-exempt as of the financial statement date and no provision for income taxes has been recorded in the financial statements.
NOTE 5 — PARTY-IN-INTEREST TRANSACTIONS
Exempt Party-In-Interest Transactions
Plan investments include time deposits with Banco Popular de Puerto Rico; therefore, these transactions qualify as party-in-interest transactions.
Microsoft Corporation is the parent company of the Sponsors. Accordingly, transactions in Microsoft Common Stock qualify as exempt party-in-interest transactions. As of December 31, 2023 and 2022, the Plan held 14,074 shares of Microsoft Common Stock valued at $5,292,387 and 15,644 shares valued at $3,751,744, respectively. For the years ended December 31, 2023 and 2022, the Plan recorded Microsoft Common Stock dividend income of $40,305 and $44,567, respectively.
Participant loans, which are secured by the vested balances in the participants’ accounts, also qualify as party-in-interest transactions.
Nonexempt Party-In-Interest Transactions
In certain instances, the Plan remitted various participant contributions to Banco Popular de Puerto Rico later than required under Department of Labor Regulation 2510.3-102. To remediate these late remittances, the impacted participant accounts were credited by an amount representing investment income that would have been earned had the participant contributions been remitted on a timely basis. During 2022, late contributions of $35,897 occurred and were remediated, resulting in credits to participant accounts of $83. There were no late contributions in 2023.
NOTE 6 — RELATED PARTY TRANSACTIONS
Certain general and administrative expenses are paid by the Sponsors on behalf of the Plan. During the years ended December 31, 2023 and 2022, these expenses amounted to $91,657 and $85,906, respectively, which are not included in the Plan’s statements of changes in net assets available for benefits.
NOTE 7 — SUBSEQUENT EVENTS
Effective April 1, 2024, Microsoft Caribbean, Inc. became the Plan's sole sponsor. Effective June 30, 2024, Microsoft Operations Puerto Rico, LLC and Microsoft Retail Store-Puerto Rico, LLC will cease to be participating employers in the Plan.
8
ONE MICROSOFT PUERTO RICO RETIREMENT PLAN
Employer ID No: 98-0459037, Plan No: 001
SUPPLEMENTAL SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2023
Identity of Issue, Borrower, Lessor, or Similar Party |
|
Description of Investment |
|
Cost* |
|
Current Value |
|
|
|
|
|
|
|
|
|
|
|
MUTUAL FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American New Perspective Fund - Class R-4 |
|
Registered Investment Company |
|
|
|
$ |
1,149,263 |
|
BlackRock Total Return Fund |
|
Registered Investment Company |
|
|
|
|
1,527,676 |
|
Columbia Small Cap Index Fund - Class A |
|
Registered Investment Company |
|
|
|
|
1,034,465 |
|
MFS Research International Fund - Class A |
|
Registered Investment Company |
|
|
|
|
162,744 |
|
T Rowe Price Growth Stock Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
3,452,416 |
|
T Rowe Price Retirement 2010 Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
298,181 |
|
T Rowe Price Retirement 2015 Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
23,627 |
|
T Rowe Price Retirement 2020 Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
1,363,714 |
|
T Rowe Price Retirement 2025 Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
368,771 |
|
T Rowe Price Retirement 2030 Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
4,028,839 |
|
T Rowe Price Retirement 2035 Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
1,038,822 |
|
T Rowe Price Retirement 2040 Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
3,740,991 |
|
T Rowe Price Retirement 2045 Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
1,178,360 |
|
T Rowe Price Retirement 2050 Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
1,425,425 |
|
T Rowe Price Retirement 2055 Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
534,448 |
|
T Rowe Price Retirement 2060 Fund - Advisor Class |
|
Registered Investment Company |
|
|
|
|
304,294 |
|
T Rowe Price Retirement Income - Advisor Class |
|
Registered Investment Company |
|
|
|
|
261,086 |
|
Vanguard Windsor II Fund Investor Shares |
|
Registered Investment Company |
|
|
|
|
3,210,637 |
|
Western Asset Core Bond Fund |
|
Registered Investment Company |
|
|
|
|
38,372 |
|
|
|
|
|
|
|
|
|
|
PLAN SPONSOR STOCK |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Microsoft Corporation ** |
|
Common Stock |
|
|
|
|
5,292,387 |
|
|
|
|
|
|
|
|
|
|
MONEY MARKET FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federated Trust for U.S. Treasury Obligations Fund - Institutional Shares |
|
Registered Investment Company |
|
|
|
|
706,615 |
|
|
|
|
|
|
|
|
|
|
TIME DEPOSITS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banco Popular de Puerto Rico ** Interest 4.869% as of December 31, 2023 |
|
|
|
|
53,141 |
|
||
|
|
|
|
|
|
|
|
|
Participant Loans ** Interest 4.25% - 9.50%, maturing through September 2038 |
|
|
|
|
215,277 |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
$ |
31,409,551 |
|
|
|
|
|
|
|
|
|
* |
Information not presented because investments are participant directed |
** |
Party-in-interest |
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4 - MICROSOFT CORP (0000789019) (Issuer)
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USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
Ben C, 23, from Brunswick, Ohio, is headed home with All Stars status after competing against the best of the best players worldwide at this year's Candy Crush All Stars Live Final in Los AngelesThe tournament's largest prize was at stake this year, with finalists competing for a piece of the $1M prize pool and a custom championship ring designed by celebrity jeweler, IceboxNEW YORK, June 20, 2024 /PRNewswire/ -- Following a nail-biting 2-month tournament, the 2024 Candy Crush All Stars® Live Final took place in Los Angeles, California. The final was officially hosted by Brie Garcia, WWE Hall of Famer, TV Personality, and Podcaster who joined the top Candy Crush players in the world as they
REDMOND, Wash., June 12, 2024 /PRNewswire/ -- Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.75 per share. The dividend is payable Sept. 12, 2024, to shareholders of record on Aug. 15, 2024. The ex-dividend date will be Aug. 15, 2024. Microsoft (Nasdaq "MSFT" @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and
New program will address exponential growth in attacks threatening access to care for Americans and bring enterprise-quality cybersecurity to the most vulnerable rural hospitals REDMOND, Wash., June 10, 2024 /PRNewswire/ -- On Monday, Microsoft Corp. announced a new cybersecurity program to support hospitals serving more than 60 million people living in rural America. In 2023, the health care sector reported more ransomware attacks than any other critical infrastructure sector, and attacks involving ransomware against the healthcare sector were up nearly 130%. Cybersecurity attacks disrupt health care operations across the country and pose a direct threat to patient care and essential opera
Atlanta, May 28, 2024 (GLOBE NEWSWIRE) -- Porsche has been named the Exclusive Automotive Partner of the first-ever Overwatch® Championship Series (OWCS) Major at DreamHack Dallas, one of the most popular gaming festivals in North America. The collaboration marks Porsche's first major partnership with an esports tournament operator, and an expansion of the brand's partnership with Overwatch 2. "This is the perfect setting for Porsche's first partnership with an esports tournament," said Ayesha Coker, Vice President of Marketing for Porsche Cars North America (PCNA). "OWCS and festivals like DreamHack offer new avenues to inspire the gaming community and reach the next generation of drive
USA News Group News Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 23, 2024 /PRNewswire/ -- USA News Group News Commentary – In order to power the ongoing artificial intelligence (AI) revolution, behind the scenes there's going to need a lot more investment and… power. This is because cloud based services, especially those fuelling new AI capabilities, requires lots and lots of power, which is allowing contractors to cash in on building rooms containing power management equipment. But while the demand for more AI solutions is set to threaten the world's electricity grids according to Blackstone CEO Steve Schwarzman, tech developers are working diligently to make ha
In collaboration with Women In Cloud, Microsoft will award more than 5,000 scholarships by 2025 for all official Microsoft programs on Coursera Coursera, Inc. (NYSE:COUR), in partnership with Microsoft Corp. (NASDAQ:MSFT), today announced four new entry-level Professional Certificates designed to prepare learners for jobs poised for exponential growth over the coming decade.* These certificate programs equip learners with the essential skills to start a new career in just a few months, without the prerequisite of a college degree or prior work experience. The new programs include: IT Support Specialist Professional Certificate – Equips job seekers with comprehensive skills required for
New ServiceNow Now Assist and Microsoft Copilot integration brings the power of two generative AI assistants into one seamless enterprise experience Knowledge 2024-- Today at ServiceNow's annual customer and partner event, Knowledge 2024, ServiceNow (NYSE:NOW) and Microsoft Corp. (NASDAQ:MSFT) announced an expanded strategic alliance, combining their industry-leading generative AI capabilities to enhance employee choice and flexibility. The new ServiceNow Now Assist and Microsoft Copilot integration brings the power of two generative AI assistants into one seamless enterprise experience, making it easier than ever to create value for enterprise workers and for employees to unlock new prod
President Joe Biden to join Microsoft for announcement in Mount Pleasant MOUNT PLEASANT, Wis., May 8, 2024 /PRNewswire/ -- Microsoft today announced a broad investment package designed to strengthen the role of Southeast Wisconsin as a hub for AI-powered economic activity, innovation, and job creation. These investments include $3.3B in cloud computing and AI infrastructure, the creation of the country's first manufacturing-focused AI co-innovation lab, and an AI skilling initiative to equip more than 100,000 of the state's residents with essential AI skills. President Joe Biden will join Microsoft President Brad Smith at Gateway Technical College to announce the new investment.
New data shows most employees are experimenting with AI and growing their skills — now, the job of every leader is to channel this experimentation into business impact REDMOND, Wash., May 8, 2024 /PRNewswire/ -- On Wednesday, Microsoft Corp. and LinkedIn released the 2024 Work Trend Index, a joint report on the state of AI at work titled, "AI at work is here. Now comes the hard part." The research — based on a survey of 31,000 people across 31 countries, labor and hiring trends on LinkedIn, trillions of Microsoft 365 productivity signals, and research with Fortune 500 customers — shows how, just one year in, AI is influencing the way people work, lead and hire around the world. Microsoft als
11-K - MICROSOFT CORP (0000789019) (Filer)
11-K - MICROSOFT CORP (0000789019) (Filer)
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New Street initiated coverage of Microsoft with a rating of Buy and set a new price target of $570.00
Oppenheimer reiterated coverage of Microsoft with a rating of Outperform and set a new price target of $500.00 from $450.00 previously
Wells Fargo reiterated coverage of Microsoft with a rating of Overweight and set a new price target of $480.00 from $460.00 previously
BMO Capital Markets reiterated coverage of Microsoft with a rating of Outperform and set a new price target of $465.00 from $455.00 previously
Morgan Stanley reiterated coverage of Microsoft with a rating of Overweight and set a new price target of $520.00 from $465.00 previously
KeyBanc Capital Markets initiated coverage of Microsoft with a rating of Overweight and set a new price target of $490.00
Exane BNP Paribas upgraded Microsoft from Neutral to Outperform and set a new price target of $471.00
Truist initiated coverage of Microsoft with a rating of Buy
China Renaissance initiated coverage of Microsoft with a rating of Buy and set a new price target of $466.00
HSBC Securities upgraded Microsoft from Hold to Buy and set a new price target of $413.00 from $347.00 previously
REDMOND, Wash., June 12, 2024 /PRNewswire/ -- Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.75 per share. The dividend is payable Sept. 12, 2024, to shareholders of record on Aug. 15, 2024. The ex-dividend date will be Aug. 15, 2024. Microsoft (Nasdaq "MSFT" @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and
REDMOND, Wash., April 25, 2024 /PRNewswire/ -- Microsoft Corp. on Thursday announced that fiscal year 2024 third-quarter financial results are available on its Investor Relations website. The direct link to the earnings press release is https://www.microsoft.com/en-us/Investor/earnings/FY-2024-Q3/press-release-webcast. As previously announced, the company will host a conference call at 2:30 p.m. Pacific Time. A live webcast of the call can be accessed on Microsoft's Investor Relations website at https://www.microsoft.com/en-us/Investor/. Microsoft (Nasdaq "MSFT" @microsoft) en
USA News Group Commentary VANCOUVER, BC, April 25, 2024 /PRNewswire/ -- Across several sectors the use of artificial intelligence (AI) is making a huge impact, with healthcare emerging as possibly receiving the largest boost. According to a new research report from analysts at Mordor Intelligence, the market for artificial intelligence in health care is set to explode at a CAGR of 42.20% through 2029. As the tech sector races to provide the market with solutions, several companies are emerging as leaders in aiding the healthcare sector, including Avant Technologies Inc. (OTC:AVAI), Microsoft Corporation (NASDAQ:MSFT) (NEO:MSFT), Health Catalyst, Inc. (NASDAQ:HCAT), Ginkgo Bioworks Holdings,
REDMOND, Wash., April 11, 2024 /PRNewswire/ -- Microsoft Corp. will publish fiscal year 2024 third-quarter financial results after the close of the market on Thursday, April 25, 2024, on the Microsoft Investor Relations website at https://www.microsoft.com/en-us/Investor/. A live webcast of the earnings conference call will be made available at 2:30 p.m. Pacific Time. Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achi
REDMOND, Wash., March 12, 2024 /PRNewswire/ -- Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.75 per share. The dividend is payable June 13, 2024, to shareholders of record on May 16, 2024. The ex-dividend date will be May 15, 2024. Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more. View original content to download multimedia:https://www.prnewswire
REDMOND, Wash., Jan. 30, 2024 /PRNewswire/ -- Microsoft Corp. on Tuesday announced that fiscal year 2024 second-quarter financial results are available on its Investor Relations website. The direct link to the earnings press release is https://www.microsoft.com/en-us/Investor/earnings/FY-2024-Q2/press-release-webcast. As previously announced, the company will host a conference call at 2:30 p.m. Pacific Time. A live webcast of the call can be accessed on Microsoft's Investor Relations website at https://www.microsoft.com/en-us/Investor/. Microsoft (Nasdaq "MSFT" @microsoft)
REDMOND, Wash., Jan. 16, 2024 /PRNewswire/ -- Microsoft Corp. will publish fiscal year 2024 second-quarter financial results after the close of the market on Tuesday, Jan. 30, 2024, on the Microsoft Investor Relations website at https://www.microsoft.com/en-us/investor. A live webcast of the earnings conference call will be made available at 2:30 p.m. Pacific Standard Time. Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet t
REDMOND, Wash., Nov. 28, 2023 /PRNewswire/ -- Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.75 per share. The dividend is payable March 14, 2024, to shareholders of record on Feb. 15, 2024. The ex-dividend date will be Feb. 14, 2024. Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more. View original content to download multimedia:https://www.prnews
REDMOND, Wash., Oct. 10, 2023 /PRNewswire/ -- Microsoft Corp. will publish fiscal year 2024 first-quarter financial results after the close of the market on Tuesday, Oct. 24, 2023, on the Microsoft Investor Relations website at https://www.microsoft.com/en-us/Investor/. A live webcast of the earnings conference call will be made available at 2:30 p.m. Pacific Time. Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve
Annual shareholders meeting set for Dec. 7, 2023 REDMOND, Wash., Sept. 19, 2023 /PRNewswire/ -- Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.75 per share, reflecting a 7 cent or 10% increase over the previous quarter's dividend. The dividend is payable Dec. 14, 2023, to shareholders of record on Nov. 16, 2023. The ex-dividend date will be Nov. 15, 2023. In addition, the company announced the date for the 2023 Annual Shareholders Meeting, to be held on Dec. 7, 2023. Shareholders at the close of business on Sept. 29, 2023,
In a recent shareholder Q&A, Nintendo ADR‘s (OTC:NTDOY) President Shuntaro Furukawa addressed the issue of generative artificial intelligence (AI) in video game development, a hot topic that has stirred significant debate within the industry. The Mixed Blessing Of AI According to IGN, Furukawa acknowledged the potential benefits of generative AI, noting it could be used "in creative ways." However, he also highlighted the risks, particularly regarding intellectual property rights. See Also: Sony Executive: AI Enhances Personal Connections In Video Games For Gen Z, Gen Alpha “Generative AI, which is becoming a big topic recently, can be used in creative ways, but we recognize that
A small number of technology companies, affectionately named the “Magnificent 7,” have accounted for an outsized portion of the SPDR S&P 500 ETF Trust (NYSE:SPY) gains in 2024. Will it continue through the rest of the year? The Magnificent 7: The Magnificent 7 comprises seven mega-cap companies: Microsoft Corp (NASDAQ:MSFT), up 26.15% in 2024. Apple Inc (NASDAQ:AAPL), up 21.37% in 2024. NVIDIA Corp (NASDAQ:NVDA), up 164.38% in 2024. Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), up 37.88% in 2024. Amazon.com Inc (NASDAQ:AMZN), up 33.38% in 2024. Meta Platforms Inc (NASDAQ:META), up 54.24% in 2024. Tesla Inc (NASDAQ:TSLA), down 0.72% in 2024 (but up over 40% in the past m
Nvidia Corporation (NASDAQ:NVDA) undoubtedly had an early lead in the AI chip race, but its rivals are doing their best to challenge its dominance. After more than one failed attempt to discreetly enter the GPU arena, Intel Corporation (NASDAQ:INTC), the largest producer of PC and server CPUs, might be slow but seems to be playing the long game. Then there’s Advanced Micro Devices (NASDAQ:AMD) who is already promising to challenge Nvidia with its new chips. Intel is playing the long game. According to PassMark Software, Intel still controls 64% of the x86 CPU market, but it has undoubtedly given a lot of market share to AMD over the years. AMD pulled ahead with cheaper and more advanced CP
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AMD CALL SWEEP BULLISH 07/05/24 $172.50 $35.8K 6.7K 132.9K AAPL CALL SWEEP
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) saw its shares rise to a record on Thursday in the Taiwan Stock Exchange. The rally boosted Taiwan Semiconductor’s market capitalization to over $946 billion in the U.S. stock exchange as of Friday. Investors are optimistic that Taiwan Semiconductor will benefit from robust demand for artificial intelligence (AI) and high-performance computing (HPC) chips, the Taiwan Times reports. Taiwan Semiconductor has surged 69.48% this year, solidifying its position as the most valuable stock on the local exchange and the world’s 10th-largest company by market capitalization. Analysts anticipate a positive earnings report from Taiwan Semicon
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market. We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market's pulse to optimize your trading gains. Now, let's dive into the stock analysis: SPDR S&P 500 ETF Trust The SPY
The technology sector, propelled by the impetus provided by artificial intelligence, was the driving force behind the first-half stock market rally. Despite growing fears of a correction, a bullish analyst suggested on Friday that the rally will go on unhindered. Just Getting Started: “It’s only 9 pm and the AI-driven tech bull party goes till 4 am,” said Wedbush analyst Daniel Ives in a note. The analyst said his global fieldwork showed that the AI revolution has just begun with Nvidia Corp. (NASDAQ:NVDA) and Microsoft Corp. (NASDAQ:MSFT). The second, third, and fourth derivates of the revolution will start to play out over the next 12 to 18 months, he said, adding that a “tidal wave
Microsoft (NASDAQ:MSFT) has outperformed the market over the past 10 years by 16.33% on an annualized basis producing an average annual return of 27.16%. Currently, Microsoft has a market capitalization of $3.42 trillion. Buying $1000 In MSFT: If an investor had bought $1000 of MSFT stock 10 years ago, it would be worth $11,028.48 today based on a price of $459.80 for MSFT at the time of writing. Microsoft's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engin
On July 4th, as Americans celebrate independence, it’s also a time to reflect on the iconic companies that have shaped the nation’s economy and global influence. From humble beginnings to global giants, these companies embody the essence of innovation, hard work, and the American Dream. Microsoft Corp (NASDAQ:MSFT) Founded in 1975 by Bill Gates and Paul Allen, Microsoft started in a garage with a vision to put a computer on every desk and in every home. Their operating systems, especially Windows, revolutionized personal computing, making Microsoft a cornerstone of the tech industry. Microsoft ranks as the number one company in the world according to a Companies Market Cap of $3.4
Microsoft Corp. (NASDAQ:MSFT) has reportedly carried out another round of layoffs, affecting various teams and regions. The company has not disclosed the exact number of employees impacted. What Happened: The layoffs have affected employees in roles related to product and program management, as per LinkedIn posts from the affected staff. The company, however, has not revealed the number of employees affected, reported GeekWire. A Microsoft spokesperson stated, “Organizational and workforce adjustments are a necessary and regular part of managing our business. We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners.
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
INSTANT®, a leading data automation and generative technology company specializing in real-time business intelligence for global enterprises and financial institutions, is delighted to announce the appointment of Rob Melnyk as Executive Vice President, Financial Services. With his extensive experience in leadership at high-growth investment management and capital markets firms, Rob brings a wealth of knowledge and expertise to the INSTANT leadership team. As Executive Vice President, Financial Services, Rob will spearhead efforts to refine the INSTANT Platform for Financial Services, assist with the product delivery sales process, drive strategic planning, and lead cross-organizational initi
Chairman of the Board Chris Hayes Appointed as President & CEO Dr. Audrey Lee joins the Board of Directors Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that Chris Hayes, Spruce's Chairman of the Board, will succeed Christian Fong as President and Chief Executive Officer, effective April 12, 2024. Additionally, Dr. Audrey Lee has joined the Board of Directors. "The Board is confident that Chris is the right leader to take Spruce to the next stage of its evolution and develop avenues of growth. Chris brings a wealth of experience to his role as CEO, incl
EDMONTON, AB / ACCESSWIRE / December 28, 2023 / OneSoft Solutions Inc. (the "Company" or "OneSoft") (TSXV:OSS)(OTCQB:OSSIF) announced that it has renewed the appointment of Sophic Capital Inc. ("Sophic Capital") as its Capital Markets Advisory firm. As part of the contract renewal, Sophic Capital will continue to manage OneSoft's investor relations activities, focusing on increasing investor awareness of OneSoft by advancing its communications strategy with shareholders, investors, investment dealers and other financial professionals.OneSoft's engagement with Sophic Capital is a 12-month term, on a fee-for-services basis of $7,000 per month. In addition, OneSoft has granted Sophic 500,000 op
NEW YORK, Oct. 13, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the opening of trading on Wednesday, October 18: Lululemon Athletica Inc. (NASD:LULU) will replace Activision Blizzard Inc. (NASD:ATVI) in the S&P 500. S&P 500 and S&P 100 constituent Microsoft Corp. (NASD: MSFT) acquired Activision Blizzard in a transaction completed today, October 13. S&P MidCap 400 constituent Hubbell Inc. (NYSE:HUBB) will replace Organon & Co. (NYSE:OGN) in the S&P 500, S&P SmallCap 600 constituent Onto Innovation Inc. (NYSE:ONTO) will replace Hubbell in the S&P MidCap 400, and Organon & Co will re
REDMOND, Wash., March 14, 2023 /PRNewswire/ -- Microsoft Corp. on Tuesday announced the appointment of Sandra E. (Sandi) Peterson, Operating Partner at Clayton, Dubilier & Rice, as Lead Independent Director. She succeeds John W. Thompson, who has served in the roles of Lead Independent Director or Board Chair since 2012. Microsoft also announced its board of directors declared a quarterly dividend of $0.68 per share. The dividend is payable June 8, 2023, to shareholders of record on May 18, 2023. The ex-dividend date will be May 17, 2023. "I've always valued John's counsel and
EDMONTON, AB / ACCESSWIRE / December 29, 2022 / OneSoft Solutions Inc. (the "Company" or "OneSoft") (TSXV:OSS)(OTCQB:OSSIF) announced that it has renewed the appointment of Sophic Capital Inc. ("Sophic Capital") as its Capital Markets Advisory firm. As part of the contract renewal, Sophic Capital will continue to manage OneSoft's investor relations activities, focusing on increasing investor awareness of OneSoft by advancing its communications strategy with shareholders, investors, investment dealers and other financial professionals.OneSoft's engagement with Sophic Capital is a 12-month term, on a fee-for-services basis of $7,000 per month. In addition, OneSoft has granted Sophic 500,000 op
New Board Members Bring Critical Experience and Skills to the Company's Leadership Team Grove Collaborative Holdings, Inc. (NYSE:GROV) ("Grove" or "the Company"), a certified B Corp™ and leading sustainable consumer products company, today announced three additions to its Board of Directors including Virgin Group Investment Director Rayhan Arif, former eBay Chief Strategy Officer Kristine Miller, and GitHub Chief of Staff Naytri Shroff Sramek. Their appointments were effective on June 16. "We are delighted to have three new dynamic leaders joining our board, each with industry experience that bolsters the strength, aptitude and diversity of our board as we continue our journey as a leadin
Azure Executive will Advise on Procore's Platform Strategy Procore Technologies, Inc. (NYSE:PCOR), a leading provider of construction management software, today announced the appointment of Erin Chapple to its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211222005166/en/Microsoft Executive Erin Chapple appointed to Procore Board of Directors. (Photo: Business Wire) Chapple serves at Microsoft (NASDAQ:MSFT) as the Corporate Vice President of Azure Core, a public cloud computing platform. She has held this position since March 2021 and has been with Microsoft for more than two decades. In her current role, Ch
Will expand UK & European footprint Infogain, a Silicon Valley-based leader in human-centered digital platform and software engineering services, today announced the appointment of Vivek Sharma as the company's new VP & Head of Sales- Europe. Vivek brings more than 20 years of experience in technology sales, consulting, client services and operations. "We are excited to welcome Vivek to our team," said Rohit Nagpal, Chief Business Officer at Infogain. "Vivek's experience in the consumer, travel & transportation, manufacturing & technology, energy & utilities, and media & telecom verticals complement Infogain's focus areas. He will be instrumental in ensuring we achieve our aggressive grow