Markets

Microsoft could soar 16% on ‘unparalleled’ cloud dominance and continued work-from-home, says Wedbush senior tech analyst

Microsoft could gain 16% over the next year as cloud computing becomes a “transformational secular trend,” according to Dan Ives, Wedbush senior technology analyst. His team explained in a note to clients that the current work-from-home environment is catalyzing more workplaces to adopt cloud technologies, and Microsoft’s cloud computing platform […]
Microsoft could soar 16% on ‘unparalleled’ cloud dominance and continued work-from-home, says Wedbush senior tech analyst
Markets

Microsoft sees $46 billion in market value erased after missing quarterly estimates for key businesses

Microsoft shares tumbled as much as 2.8% on Thursday after its cloud-computing and office software business missed quarterly estimates. The slump saw roughly $US46 billion erased from the tech giant’s market cap. A “continued customer shift to cloud offerings from multi-year on-premises agreements” harmed the company’s transactional licensing business, Microsoft […]
Microsoft sees $46 billion in market value erased after missing quarterly estimates for key businesses