<ul data-eligibleForWebStory="false"><li>Part of President Trump's new tax bill allows upfront expensing of R&D costs, benefiting software companies like Microsoft, Oracle, and Salesforce.</li><li>The bill provides a cash flow boost for these firms who can now expense R&D costs immediately rather than spreading them out over five years.</li><li>Companies can also claim retroactive deductions of previously deferred R&D costs, increasing tax savings.</li><li>Morgan Stanley projects Microsoft could see a 4% boost to its free cash flow margin, with Oracle and Salesforce expected to benefit by around 6%.</li></ul>

The Big Beautiful Bill may have just quietly boosted Big Tech earnings

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