Microsoft cloud

Technology giant Microsoft Corporation (NASDAQ:MSFT) reported third-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Microsoft reported third-quarter revenue of $70.07 billion, up 13% year-over-year. The revenue total beat a Street consensus...

Google parent Alphabet Inc. (NASDAQ:GOOGL) is exploring the acquisition of HubSpot Inc. (NYSE:HUBS), a U.S. marketing software maker valued at $31 billion. The acquisition would significantly enhance Google’s ability to compete with Microsoft Corp. (NASDAQ:MSFT) in the cloud-based...

In the latest development, Microsoft Corporation (NASDAQ:MSFT) is under scrutiny from a Spanish startup group, which has filed a complaint against the tech giant’s cloud practices. This marks another challenge for Microsoft’s rapidly expanding cloud computing services. What Happened:...

Amazon Inc. (NASDAQ: AMZN) shares were retreating on Wednesday, as they move in sympathy with Microsoft Corp. (NASDAQ: MSFT). What Happened: Microsoft’s Cloud revenue rose 22% in the second quarter that ended Dec. 31, 2022, slowing from the 24% growth in the first quarter. On a...

Microsoft Corp. (NASDAQ: MSFT) shares pulled back over 1% in after-hours trading on Tuesday in reaction to its fiscal year 2023 second-quarter results. The Microsoft Analyst: Piper Sandler analyst Brent Bracelin maintained an Overweight rating and $247 price target for the shares. The Microsoft...

Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella, while sharing the earning results for the latest quarter, hailed the developments in the field of artificial intelligence and the tech giant’s role in “powering it.” What Happened: Nadella highlighted various examples of...

Microsoft Corp. (NASDAQ: MSFT) announced on Sunday an investment in London Stock Exchange Group plc (OTC: LNSTY) and a strategic partnership with the exchange. What Happened: Microsoft said it has agreed to buy about a 4% equity stake in LSE through certain investment funds affiliated with a...

Technology giant Microsoft Corporation (NASDAQ: MSFT) reported first quarter-financial highlights after the market close Tuesday. Here are the key highlights. What Happened: Microsoft reported first-quarter revenue of $50.1 billion, up 11% year-over-year. The total beat an estimate of $49.8 billion...

Microsoft 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...

A company that works on cloud and software analytics for connected vehicles has a new platform. Here are the details. What To Know: Wejo Group Limited (NASDAQ: WEJO) announced its new Neural Edge Processing platform. The company said the new platform will help “enable intelligent handling of...

A 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...

Leading Microsoft Corporation (NASDAQ: MSFT) Cloud partner AvePoint is set to go public with a SPAC deal announced Monday. The SPAC Deal: AvePoint will go public via Apex Technology Acquisition Corporation (NASDAQ: APXT). The deal values the company at $2 billion. AvePoint co-founder and CEO Dr....

Microsoft Corporation (NASDAQ: MSFT)'s third-quarter report Thursday sent shares to an all-time high of $97.90. Are sell-side analysts still recommending investors buy the stock at this price?  The Analysts Bernstein's Mark Moerdler maintains an Outperform rating on...

Brent Bracelin of Pacific Crest maintains an Overweight rating on shares of Microsoft Corporation (NASDAQ: MSFT) with an unchanged $70 price target following the company's earnings report, which demonstrated momentum in the cloud. Commercial Cloud Bracelin noted that Microsoft's commercial cloud...