In the information technology sector, we purchased Microsoft (NASDAQ:MSFT), the number-one provider of business productivity software and a leader in cloud computing services. The company is gaining market share with its comprehensive portfolio of technology offerings across infrastructure and software. The enterprise transition to the cloud is still nascent and as it matures, Microsoft should benefit greatly.
From Parnassus Fund's second-quarter 2019 commentary.
This article first appeared on GuruFocus.
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