Microsoft Profits Soar On Back Of Cloud
Microsoft has unveiled it earnings for the quarter ending June 30 and it has certainly given investors something to smile about. Revenues for the fourth quarter stood at $33.7 billion, a year-on-year increase of 12%, while net income increased by 49% at $13.2 billion.. Microsoft earnings soar, revenue tops $33bn for the quarter. Growth in the company's cloud-computing business services helped send its stock price stock higher after hours. ... Revenue rose 12% to $33.7 billion, the Redmond, Washington-based company said Thursday in a statement, compared with the $32.8 billion projection.. Investment in its cloud computing unit has boosted profits at Microsoft. Despite being hit with a $13.8 billion tax charge in the last quarter,.... 2 provider of cloud computing services, behind Amazon's AWS, which all but created the market. And Microsoft is closing in on Amazon's lead,.... Buy Microsoft Stock Because Its Cloud Business Will Soar, Analyst Says ... The back story. Microsoft shares (ticker: MSFT) ... In April, the company reported better-than-expected fiscal third-quarter earnings results. What's new.. Cloud profits at Microsoft, Amazon soar ... Robust demand for cloud computing services has made the cloud businesses at Amazon and Microsoft the star performers of their ... Apple pushes back against EU common charger.... Microsoft's Services Revenue Lifts Quarterly Results. Company's cloud-computing operations Azure and Office 365 saw revenue soar in fiscal.... This metric, calculated apart from the company's divisional results, includes products such as Office 365 Commercial, the Microsoft Azure cloud...
Microsoft is also pulling in more revenue from Office 365, with companies such as KPMG and Ikea upgrading to the internet-based productivity software. Azure.... Q3 Cloud Revenue: Totals Soar as Vendors Seize Opportunities. Taken as a whole, the $40.5 billion I'm projecting for the Cloud Wars Top 10.... s cloud service Azure will be key in determining whether the software giant maintains its leading trillion-dollar ... One analyst sees cloud accounting for 60% of Microsoft's revenue in six years ... Back's sore, be back in month".. Microsoft profits soar fuelled by cloud, business services ... Xbox head Phil Spencer pulled back the curtain on Project Scarlett, a successor to.... Microsoft profits soar on back of cloud. Microsoft has unveiled it earnings for the quarter ending June 30 and it has certainly given investors something to smile.... Powered by Strong Xbox Demand, Microsoft Profits Soar ... embracing Office 365, which offers business software as services in the Internet "cloud." ... technologies in a move designed to reverse managerial paralysis and a rapid deterioration.... Going back two years, Azure growth was more than doubling. However, booming profit margins in the cloud services have alleviated some.... 31), Microsoft reported revenue of $36.9 billion, up 14% year over year, ... Gaming revenue was the one sore spot, declining 11%, driven lower by ... and assuming Microsoft buys back a similar number of shares during the.... Microsoft's cloud strategy also involves its Office 365 software suite, which includes Word, PowerPoint, Excel, and, more importantly, its Teams.... Cloud unit generated US$11.4 billion in revenue. ... Microsoft 'paints bullseye' on AWS as cloud sales soar ... cloud is such a key driver of growth for them and they seem to have painted a big bullseye on the back of AWS..
The Microsoft earnings news pushed its stock higher. ... Microsoft Earnings Beat Views As Commercial Cloud Sales Soar ... Boeing (BA) could hold back job growth in coming months with its halt of 737 Max production.. I'll let you in on Microsoft's master plan that's driving its stock to the moon. ... You rarely see such humongous companies soar like that. ... But get this, 62% of the profit came from Amazon's cloud business. ... on DVDs and then stacked them up, the stack would reach to the moon and back nearly 15 times. fc1714927b
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