Take a fresh look at your lifestyle.

The cloud continues to be Microsoft's great ally and boosts its revenue by 17%

0


Microsoft has returned, once again, to beat all expectations with its new results. Its revenues have soared 17% to $ 43.1 billion. How could it be otherwise, the figures have convinced the market and its shares are rising by about 5% in the 'after hours' of Wall Street

"What we have witnessed over the past year is the dawn of a second wave of digital transformation that is sweeping all companies and all sectors," said Satya Nadella, Microsoft's CEO in a statement. “Developing your own digital capacity is the new currency that drives the resilience and growth of every organization. Microsoft is driving this change with the world's largest and most comprehensive cloud platform".

Amy Hood, Microsoft's executive vice president and chief financial officer, has also praised the role of Azure, her cloud, in the annual accounts. "The accelerated demand for our differentiated offers boosted business cloud revenue to $ 16.7 billion, 34% more year after year ", has detailed Hood." We continue to benefit from our investments in strategic areas of high growth ".

Data provided by Microsoft reveals that Azure revenue is up 50%. However, they do not provide the exact dollar amount.

RECEIVE THE RESULTS CROSSING THE HISTORICAL HIGHEST

"Symmetrical triangles often occur in the midst of trends, both bullish and bearish. AND the outcome of it is usually in favor of the previous trend", explains José María Rodríguez, technical analyst at ForexNews.online.

"This is a period of market consolidation, prior to a sharp move. Generally it acts as a continuation pattern of the previous trend. Various studies have shown that symmetric triangles resolve overwhelmingly in the direction of the general market trend. And this is characterized by construct decreasing highs and increasing lows", keep going.

"We can also see how the price is 'rearing its head' above the triangle, caressing the all-time highs that it marked last September. Come on. to see how the title behaves in the 'after hours' this Tuesday once the market quotes its results. Considering the bullish implications of the triangle in question, it would be said that the reaction should be to the upside. But let it be the price that does not confirm them. Other companies that confess to the closing of Wall Street today are: AMD, Starbucks and Texas Instruments ", concludes the expert.

.



Leave A Reply

Your email address will not be published.