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2022-01-26

Microsoft Cloud Growth Forecast Bodes Well for Tech Rivals, Too

After a brief scare, Microsoft Corp reassured tech investors late on Tuesday that the enterprise int

Microsoft Cloud Growth Forecast Bodes Well for Tech Rivals, Too

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said analyst Mark Moerdler of Bernstein.</p><p>Projected Azure growth validates the strength of the business and the sustainability of all cloud growth, Moerdler said.</p></body></html>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Cloud Growth Forecast Bodes Well for Tech Rivals, Too</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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But they rebounded after Microsoft set a growth target ahead of Wall Street's in the current quarter, erasing earlier after-hours losses to trade 3% above the closing price.Executives forecast revenue for Microsoft's Intelligent Cloud unit of $18.75 billion-$19 billion for the third quarter, compared with a Wall Street consensus of $18.15 billion, according to Refinitiv data.\"We believe this can start to change the sentiment tide in tech,\" said David Wagner, Portfolio Manager at Aptus Capital Advisors. 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Microsoft Cloud Growth Forecast Bodes Well for Tech Rivals, Too

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