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AWS Still Leads Race, Google Grows Fastest: How Cloud Market Shaped Up In Q1
Monday, May 2, 2022 - 10:34am | 410The worldwide cloud market grew at a robust clip in the first quarter, and the big three vendors dominated, according to a new report released by Canalys. Cloud Spending Maintains Red-Hot Pace: First-quarter cloud infrastructure spending climbed 34% year-over-year and about 12% from the previous...
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Microsoft Q2 Earnings Takeaways: Cloud Revenue Hits $22.1B, Xbox Revenue Up 10% And More
Tuesday, January 25, 2022 - 5:31pm | 413Microsoft Corp (NASDAQ: MSFT) reported second-quarter financial results after market close Tuesday. Here are the key details for investors. What Happened: Microsoft's second-quarter revenue came in at $51.7 billion, up 20% year over year. The total came in ahead of a $50.9 billion estimate from...
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Microsoft Q1 Earnings Highlights: Revenue And EPS Beat, Cloud Division Shows Continued Strength
Tuesday, October 26, 2021 - 4:21pm | 264Microsoft Corporation (NASDAQ: MSFT) reported first-quarter earnings after hours Tuesday. Here are the key highlights for investors to know. What Happened: Microsoft reported first-quarter revenue of $45.3 billion, up 22% year-over-year. The total came in ahead of Street consensus estimates of $44...
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Microsoft's Foray Into Fintech: What Investors Should Know About Redmond's New Cloud Product
Wednesday, October 6, 2021 - 3:05pm | 422A leading technology company is pushing into financial services to grow its cloud business. Could this provide upside to the stock? What Happened: Microsoft Corporation (NASDAQ: MSFT) is releasing its Microsoft Cloud for financial services on Nov. 1. “We are releasing new capabilities...
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Microsoft Earnings Takeaways: Highest Q4 Growth In 6 Years, Cloud Growth, What's Next
Wednesday, July 28, 2021 - 3:13pm | 601Strong cloud growth and the surprising strength of the Office 365 segment of Microsoft were big topics covered by analysts in updated notes after the company reported fourth-quarter earnings. The Microsoft Analysts: Morgan Stanley analyst Keith Weiss had an Overweight rating on Microsoft...
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Microsoft Q4 Highlights: Earnings Top Estimates, Commercial Cloud Revenue Up 36% And More
Tuesday, July 27, 2021 - 4:21pm | 389Technology giant Microsoft Corporation (NASDAQ: MSFT) reported earnings after the market close on Tuesday. Here are the key things to know from the report. What Happened: Fourth quarter revenue was $46.2 billion, up 21% year-over-year and ahead of the Street consensus of $44.1 billion. ...
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Microsoft Beats Q3 Earnings Estimates, Sees Azure Revenue Up 50%
Tuesday, April 27, 2021 - 4:29pm | 314Technology giant Microsoft Corporation (NASDAQ: MSFT) reported fiscal third-quarter earnings after market close Tuesday. What Happened: Third-quarter revenue of $41.7 billion was up 19% year-over-year and beat Street estimates of $41 billion. Microsoft reported operating income of $17...
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Pete Najarian Looks For Growth In Microsoft Azure Heading Into Earnings
Tuesday, April 27, 2021 - 1:26pm | 197Pete Najarian expects Microsoft Corp (NASDAQ: MSFT) to continue to show growth in its cloud computing service Azure. Speaking Tuesday on CNBC's "Fast Money: Halftime Report," Najarian said he expects Microsoft to report another strong quarter as the company continues to grow into its...
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From Amazon Towards Microsoft — Why 'Tide Is Shifting In The Cloud Arms Race'
Tuesday, March 16, 2021 - 4:25am | 501Microsoft Corporation (NASDAQ: MSFT) is poised to chip away further market share from Amazon.com, Inc (NASDAQ: AMZN) cloud subsidiary Amazon Web Services, according to Wedbush Securities. The Microsoft Analyst: Wedbush analyst Daniel Ives maintained his Outperform rating and $300 price target...
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IPO Preview: Sun Country Airlines, Olo, Tuya Lead Busy Week
Monday, March 15, 2021 - 2:52pm | 775The IPO market is heating up this week with offerings from a low- cost airline, online food ordering platform, SaaS company and several small offerings. Here's a closer look at the large IPOs that are expected to price this week. Sun Country Airlines: The low-cost airline Sun Country...
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Microsoft Hits New All-Time High As Q2 Cloud, Azure Business Overshadow Xbox Release
Tuesday, January 26, 2021 - 5:30pm | 263Microsoft Corporation (NASDAQ: MSFT) reported second-quarter earnings after the stock hit a new all-time high on Tuesday. What Happened: Revenue increased 17% year-over-year to $43.1 billion for Microsoft, beating street consensus estimates of $40.2 billion. Net income increased 33% year-over-year...
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Wedbush Raises Target As It Predicts Cloud Services Will Lift Microsoft Above Wall Street Estimates
Sunday, January 24, 2021 - 3:23pm | 408Microsoft Corporation (NASDAQ: MSFT) likely will beat Wall Street's expectations, and the software giant's cloud computing capabilities around Azure will be a key factor in its success, a Wedbush analyst said on Sunday. What Happened: Wedbush Analyst Daniel Ives has an outperform...
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Microsoft, General Motors Strike Autonomous Vehicle Partnership: What Investors Need To Know
Tuesday, January 19, 2021 - 1:26pm | 449One of the world’s largest technology companies is teaming up with one of the world’s largest automotive manufacturers. What Happened: General Motors Co (NYSE: GM) and Microsoft Corporation (NASDAQ: MSFT) are partnering on self-driving vehicles. The companies will partner to bring...
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8 Stocks To Watch At CES 2021
Monday, January 11, 2021 - 8:50am | 843For over 50 years, attendees of the Consumers Electronics Show have received sneak peeks at some of the latest and greatest new gadgets in the technology sector. Now known as CES, this year’s event will take place completely virtually. Here is a look at some of the public companies taking...
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Microsoft Analysts: Q1 Shows Payoff From Cloud Shift, Azure Narrowing The Gap With AWS
Wednesday, October 28, 2020 - 3:24pm | 617Microsoft reported first-quarter revenue and earnings per share that came in ahead of consensus estimates Tuesday. Azure and the gaming sector were highlights for the Street analysts who cover the tech giant. Azure A Q1 Highlight: Raymond James analyst Robert Majek reiterated a Strong...