Microsoft’s value has grown by a third

Stefan Mileschin · 23rd July 2020, 08:58

Remote computing enthuses Wall Street

The cocaine nose jobs of Wall Street have pushed up the value of Microsoft shares by a third, thinking that the pandemic-induced shift to more remote computing will boost its business.

Wall Street, however, is braced for Microsoft to report that Azure, its flagship cloud computing business, has slipped below 50 percent revenue growth for the first time ever.

Analysts expect some declines, such as for Microsoft’s on-premises server purchases and sales of consumer devices. They also expect Microsoft to take an earnings per share hit of about five cents because of a decision last month to shutter its retail operations permanently.

But they expect continued surges in demand for products like Azure, which powers online apps, and Xbox gaming services as millions stay home because of the COVID-19 pandemic. Azure’s slowing growth, analysts said, was long expected as the business balloons to tens of billions of dollars per year.

https://fudzilla.com/news/51218-micr...own-by-a-third

23rd July 2020, 08:58	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Microsoft’s value has grown by a third Remote computing enthuses Wall Street The cocaine nose jobs of Wall Street have pushed up the value of Microsoft shares by a third, thinking that the pandemic-induced shift to more remote computing will boost its business. Wall Street, however, is braced for Microsoft to report that Azure, its flagship cloud computing business, has slipped below 50 percent revenue growth for the first time ever. Analysts expect some declines, such as for Microsoft’s on-premises server purchases and sales of consumer devices. They also expect Microsoft to take an earnings per share hit of about five cents because of a decision last month to shutter its retail operations permanently. But they expect continued surges in demand for products like Azure, which powers online apps, and Xbox gaming services as millions stay home because of the COVID-19 pandemic. Azure’s slowing growth, analysts said, was long expected as the business balloons to tens of billions of dollars per year. https://fudzilla.com/news/51218-micr...own-by-a-third

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Lab-grown meat is inevitable. Will we eat it?	Stefan Mileschin	WebNews	0	23rd March 2018 13:31
US will start spying on home grown terrorists	Stefan Mileschin	WebNews	0	28th October 2017 16:37
Xiaomi boss says company has grown 'too fast'	Stefan Mileschin	WebNews	0	13th January 2017 19:30
Ellie is all grown up in 'The Last of Us: Part II'	Stefan Mileschin	WebNews	0	5th December 2016 07:27
LeEco has grown so fast it's running out of cash	Stefan Mileschin	WebNews	0	9th November 2016 06:45
As Scoot has grown, so has the size of its rental bikes	Stefan Mileschin	WebNews	0	20th June 2016 15:12
NASA astronauts will eat space-grown veggies for the first time	Stefan Mileschin	WebNews	0	10th August 2015 07:16
Fitbit's IPO is more evidence wearables have grown up	Stefan Mileschin	WebNews	0	19th June 2015 07:27
Lab-grown muscles could lead to personalized medicine	Stefan Mileschin	WebNews	0	15th January 2015 11:18
Grown brain flies F-22 jet	jmke	WebNews	5	8th December 2004 14:48