Microsoft shares hit record highs, powered by growing cloud sales - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Microsoft shares hit record highs, powered by growing cloud sales via SABCNewsOnline

Revenue growth in Azure was 64% in the fiscal fourth quarter ended June 30, compared with 89% a year earlier and 73% in the prior quarter. Microsoft does not provide an absolute revenue figure for Azure, blending it into its “intelligent cloud unit,” which had revenue of $11.4 billion compared with analyst expectations of $11.0 billion, according to Refinitiv data.also forecasted between $10.3 billion and $10.

In the cloud computing business, Azure’s chief rival is Amazon Web Services, which dominates the industry with a 32.8% market share, according to research firm Canalys. Microsoft has a share of 14.6%, while Google has 9.9%. “Its hybrid cloud strategy has resonated with enterprises where this is a more realistic and flexible approach,” Voce said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 32. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

No unrealistic targets for Limpopo Impalas at Africa T20 Cup: Hlengani - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Limpopo provincial cricket team, Impala head coach Israel Hlengani does not have unrealistic targets for his team in the upcoming Africa T20 Cup in September at venues still to be confirmed.
Source: SABC News Online - 🏆 32. / 51 Read more »

S Africa not co-operating in arrest of genocide suspect: UN court - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The chief prosecutor of a UN tribunal on Wednesday accused South Africa of failing to co-operate in the arrest of a fugitive sought over his role in the 1994 Rwanda genocide.
Source: SABC News Online - 🏆 32. / 51 Read more »

South Africa pays tribute to Johnny Clegg - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Johnny Clegg's long time friend and musical partner Sipho Mchunu has also paid tribute. He co-founded the band Juluka with Clegg at the height of apartheid.
Source: SABC News Online - 🏆 32. / 51 Read more »

Fifa here to help Caf and not colonize Africa football : Infantino - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.FIFA President Gianni Infantino has defended the decision by the world’s football mother body to send its General Secretary Fatma Samoura on a nine month secondment to the troubled Confederation of African Football (CAF).
Source: SABC News Online - 🏆 32. / 51 Read more »