and start reading now.
Wedbush Securities analyst Dan Ives values Microsoft's overall cloud business, meaning its Azure cloud platform and cloud software like Office 365, at $1 trillion, and says it could reach $100 billion in annual revenue by its next fiscal year. Meanwhile, analysts at Mizuho Securities and Piper Sandler estimate that Azure itself accounts for 17% of Microsoft's overall revenue. MicrosoftMicrosoft does not disclose specific revenue figures for the Azure cloud, and only shares percentage growth from the same period of the previous year. That means investors have to rely on these sorts of estimates to have a sense of the health of the business.
Wedbush arrived at the valuation, Ives told Business Insider, based on the firm's estimates that Microsoft's cloud business will reach $100 billion in annual revenue by its next fiscal year. Microsoft's cloud business, under Ives' definition, includes not only the Azure infrastructure platform, but also cloud-based software like Office 365.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
hblodget A 40x multiple?
Why not $2T while you're at it?
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft's Azure cloud is now bigger than the Windows: analyst - Business InsiderA Piper Sandler analyst says that Microsoft's Azure cloud is now bigger than the Windows business for the first time ever, as the CFO says that she sees 'more opportunity' for Azure than even a few quarters ago Never heard of if All cloud applications have just accelerated with remote work. Unfortunately, data is now more vulnerable. Cybersecurity will also accelerate. Cloud apps still have their flaws and weak points. Looking at you, box. You have one that is currently turning companies off and away.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Microsoft earnings beat expectations, driven by video game sales and cloud demandMicrosoft reported a solid quarter as the Covid-19 pandemic drove demand for its cloud and video game businesses Tony Bobulinski on Tucker Carlson tonight.His voice has been censored..by the media complex and social media big tech. Do you have first amendment right anymore? Take the time too tune in..
Source: CNN - 🏆 4. / 95 Read more »
How Apple's accessories business will continue fueling revenue growth - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Microsoft beats on sales and earnings as Azure growth outpaces expectationsMicrosoft beat across the board as it benefits from an accounting change to the way it deprecates server equipment. Fuck yea
Source: CNBC - 🏆 12. / 72 Read more »
First Solar jumps 9% after massive earnings beat, 70% sales increaseFirst Solar handily topped analyst estimates during the third quarter. boom_cm 👍👍 🚀🚀🚀
Source: CNBC - 🏆 12. / 72 Read more »