Microsoft’s value has grown by a third

Stefan Mileschin · 23rd July 2020, 07:58

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, 07:58	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 149,135	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

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