Microsoft (MSFT) Speaks to Google, Oracle to Help Push for MultiCloud Approach
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July 27, 2022 9:01 AM EDT
Microsoft (NASDAQ: MSFT) Rallies Other Cloud Providers to Urge U.S. Government to Pursue Multicloud Strategy - WSJ
Microsoft Cloud Lobbying Aimed at AmazonOracle Says It Supports Microsoft's Multicloud Lobbying Push...
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July 27, 2022 6:36 AM EDT
Microsoft Corp. (NASDAQ: MSFT) reported worse-than-expected FQ4 EPS and revenue, though the companys shares still rose 3.5% in premarket trading.
MSFT reported FQ4 EPS of $2.23, missing the consensus estimates of $2.29. Revenue came in at $51.87 billion, short of the consensus projection of $52.45 billion. The company's Intelligent Cloud business generated $20.91 billion in revenue, while analysts were expecting $21.07 billion.
Microsoft reported... More
July 27, 2022 6:21 AM EDT
Cowen analyst J. Derrick Wood lowered the price target on Microsoft (NASDAQ: MSFT) to $320.00 (from $330.00) while maintaining an Outperform rating following earnings.
The analyst commented, "MSFT reported a mixed 4Q, incl. Azure growth of 46% cc slightly below guide of 47%; 1Q Azure guide... More
July 27, 2022 6:16 AM EDT
Wedbush analyst Daniel Ives lowered the price target on Microsoft (NASDAQ: MSFT) to $320.00 (from $340.00) while maintaining a Outperform rating.... More
July 27, 2022 3:57 AM EDT
BMO Capital analyst Keith Bachman raised the price target on Microsoft (NASDAQ: MSFT) to $320.00 (from $305.00) while maintaining a Outperform rating.... More
July 27, 2022 3:50 AM EDT
Citi analyst Tyler Radke lowered the price target on Microsoft (NASDAQ: MSFT) to $300.00 (from $330.00) while maintaining a Buy rating.... More
July 27, 2022 3:34 AM EDT
Stifel analyst Brad Reback lowered the price target on Microsoft (NASDAQ: MSFT) to $300.00 (from $320.00) while maintaining a Buy rating.... More
July 27, 2022 2:53 AM EDT
Deutsche Bank analyst Brad Zelnick lowered the price target on Microsoft (NASDAQ: MSFT) to $330.00 (from $350.00) while maintaining a Buy rating.... More
July 26, 2022 4:28 PM EDT
Microsoft (NASDAQ: MSFT) shares fell 1% after-hours Tuesday after the software giant reported its Q4 results, with EPS of $2.23 coming in worse than the consensus estimate of $2.29. Revenue grew 12% year-over-year (16% in constant currency) to $51.9 billion, compared to the consensus estimate of $52.43 billion.
Revenue in Productivity and... More
July 26, 2022 4:08 PM EDT
By Akash Sriram and Jane Lanhee Lee
(Reuters) -Microsoft Corp on Tuesday forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services and sending shares up 5%.
The strong outlook shows Microsoft continues to benefit from the pandemic-led shift to hybrid work models and comes at a time when investors are bracing for an economic downturn, with inflation roaring and consumers cutting spending.
Bob ODonnell, an analyst for TECHnalysis Research, said Microsoft's forecast shows that despite the negative economic trends, companies continue to move more business and work online.
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