Microsoft Corporation (NASDAQ: MSFT) spent $ 1.85 million lobbying in second quarter

Microsoft Corporation shares are currently priced at $24.82 after pre market trading today, which is about 0.64 % lesser than yesterday’s trading price. The company shares have 52 week high of $31.58 and 52 week low of $22.73. The company has 50 day moving average of $25.03 and 200 day moving average of $27.96. The sustenance and resistance levels of the company are $24.50 and $25.49 respectively. The company has a market capitalization of 214.78 billion and the average volume seen for the stock is 62,970,000 shares. According to news, hedge fund Perry sold out its holdings of Microsoft today at an estimated price of $28.01.

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Earlier, Microsoft had declared an annual revenue growth of 12.6 % over the last ten years. Microsoft had declared a dividend of 2.1% recently. The company had also reportedly appointed a new managing director Mr. Sanket Agerkar for its India operations. The leaving director wished Mr. Agerker wished him all the best for the company’s focus on Cloud Computing which it sees as something which could help establish a firm ground in the country.

Microsoft had earlier reported that it spent around $ 1.85 million in the second quarter to lobby the federal government to keep a check on software piracy and to further develop technology in health care. Last year, the company had spent around $1.89 million in the same quarter. According to a report filed on July 16, Microsoft also lobbied the federal government on legislation involving patent issues and internet policies in China. Being the largest software maker, the company has been involved in checking software piracy and patents in China and other countries actively.

Microsoft Corporation is engaged in developing, manufacturing, licensing and supporting a range of software products and services for different types of computing devices. Its software products and services include operating systems for personal computers, servers and intelligent devices; server applications for distributed computing environments and information worker productivity applications; business solutions applications; computing applications; software development tools, and video games.

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