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-4.16914830255133E-05 -0.000446694460988489 0.00104228707564037 0.0013400833829661 -0.00134008338296589 0.00208457415128053 0.0031268612269209 0.00521143537820144
Stock impact report

What's in Store for These 4 Software Stocks This Earnings Season? [Yahoo! Finance]

Pinterest, Inc. Class A (PINS) 
Company Research Source: Yahoo! Finance
The growing proliferation of Software-as-a-Service or SaaS-based services, the rapid migration to cloud platforms, the solid adoption of video-conferencing software, and rising user penetration of online or digital payment solutions are likely to have been major tailwinds for software companies in first-quarter 2024. This is evident from the solid third-quarter fiscal 2024 results delivered by Microsoft MSFT, which was driven by strong momentum across Azure and Office 365. Also, early progress in Copilot for Microsoft 365, and the growing adoption of Teams Phone and Teams Rooms contributed well. Factors to Consider for Software Stocks The growing proliferation of generative AI technology, which is leading to increased demand for large language models, is anticipated to have bolstered the prospects of software companies. Increasing demand for IoT and AR/VR devices, and the accelerated deployment of 5G are expected to have aided the performances of software stocks this earnings Show less Read more
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