Microsoft Rides Cloud Strength, Signals More to Come

Commenting on the Azure performance, Piper Sandler's Brent Bracelin said the 31% growth exceeded the guidance for a 28% increase. read more.....»»

A permanent shift to telework will bolster the cloud product's growth, and the trend is still "in early days of playing out," Ives said. Stephen Brashear/Getty Images.....»»

Microsoft reported quarterly revenue above Wall Street estimates Wednesday, powered by another strong performance from its cloud service Azure as the coronavirus outbreak and home sheltering led to more people working from home......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The Department of Defense's choice of Microsoft Corporation (NASDAQ: MSFT) as its cloud platform provider signals to the market that its cloud business is "just as good" as Amazon.com, Inc. (NASDAQ: read more.....»»

Microsoft Corporation (NASDAQ: MSFT) reported a strong third-quarter earnings beat Wednesday on the back of continuing strength in its cloud computing business, coming in at $1.14 per share to top analysts’ estimates by 14 cents. read more.....»»

Microsoft Corp. shares rose in the extended session Wednesday after the tech giant topped Wall Street estimates for the quarter led by strong gains in its cloud services......»»

From large — Amazon and Microsoft — to smaller — F5 Networks and Juniper Networks — these companies are in a technology sweet spot......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Microsoft's investment is its largest in Malaysia in 32 years. The investment will be used to expand cloud and AI infrastructure, provide AI-skilling opportunities for 200,000 people, and support the country's developers read more.....»»

Am.....»»

Cloud and hyperscale datacenter spending on AI is increasing, driven by big players like Microsoft, Alphabet, and Meta. This benefits chip manufacturers like Broadcom and Marvell. Late.....»»

Bank of America raised Microsoft's earnings estimate by 1% above its $60.5 billion Q3 revenue forecast, citing sustained Azure strength. Drew Angerer/Getty Images Bank of America raised its Microsoft earni.....»»

Microsoft-backed OpenAI expands to Tokyo, Japan to engage with regional businesses and develop AI solutions. Japan invests in AI despite lagging behind in tech. read more.....»»

U.S. indices were trading higher throughout Monday's session amid a rebound in tech names and strength in reopening plays. Here's how each of the major indices performed for the trading day: read more.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Microsoft won the $10 billion JEDI contract in 2019 to store and manage sensitive military and defense data. Amazon has objected .....»»

If 2020 saw the power of publicly-traded cloud companies — fueled because of the Covid-19 pandemic and its work-from-home reality — then 2021 is testing just how stable that strength is......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»