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MICROSOFT CORPORATION

(MSFT)
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Microsoft : keeps building in N Carolina with 500 more jobs

12/17/2019 | 04:23pm EDT

RALEIGH, N.C.Microsoft Corp. plans to further expand its North Carolina workforce with 500 new jobs in the Raleigh-Durham area announced on Tuesday, less than two months after the software and cloud-computing giant unveiled additional positions for Charlotte.

Gov. Roy Cooper and Microsoft executives held a news conference in Raleigh to unveil a $47.5 million investment at company operations in Morrisville, which is home to Raleigh-Durham International Airport.

These new jobs, which would be created through 2023, predominantly will go to software engineers and developers, according to details from the state Commerce Department. A Cooper news release said average pay could exceed $125,000, or more than double the average wage in Wake County, where the jobs will be located.

Redmond, Washington-based Microsoft said in late October that it would create 430 jobs in Charlotte as it builds out its engineering and quantum computing businesses. Seventy per cent of Microsoft's current 1,950 employees in North Carolina work in Mecklenburg County, which includes Charlotte.

Microsoft can receive state cash incentives of $12 million over 12 years for the Raleigh-Durham expansion if the company meets job-creation and investment goals. It's contingent on Microsoft also meeting the Charlotte-area expansion goals, according to a document laying out the potential incentives awarded by a special state committee. Microsoft could get another $8.5 million from the state if the Charlotte investments occur as predicted.

Houston also was in the running for the jobs heading to Morrrisville, the committee's document said.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2021 166 B - -
Net income 2021 59 386 M - -
Net cash 2021 66 544 M - -
P/E ratio 2021 33,2x
Yield 2021 0,86%
Capitalization 1 954 B 1 954 B -
EV / Sales 2021 11,4x
EV / Sales 2022 10,0x
Nbr of Employees 163 000
Free-Float 99,9%
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Mean consensus BUY
Number of Analysts 42
Average target price 294,33 $
Last Close Price 259,43 $
Spread / Highest target 31,1%
Spread / Average Target 13,5%
Spread / Lowest Target -2,32%
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Managers and Directors
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
John Wendell Thompson Independent Chairman
James Kevin Scott Chief Technology Officer & Executive VP
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