Category: Cloud

Why Microsoft’s Results Are Reminder ‘Cloud Software Eating the World’ Mantra Has Further Legs

Software giant Microsoft Corporation reported late Tuesday forecast-beating results for its fiscal-year third quarter, and the stock reacted with a move to the upside. The Microsoft Analyst Piper Sandler analyst Brent Bracelin reiterated an Overweight rating and $352 price target for Microsoft shares. The Microsoft Thesis Microsoft’s Cloud segment climbed 32 percent year-over-year to $23 billion in the March…


Microsoft Forecasts Double-Digit Revenue Growth on Cloud Strength

By Tiyashi Datta and Jane Lanhee Lee (Reuters) -Microsoft Corp on Tuesday forecast double-digit revenue growth for the next fiscal year, driven by demand for cloud computing services, and its shares jumped about 4%. Microsoft forecast Intelligent Cloud revenue of $21.1 billion to $21.35 billion for its fiscal fourth quarter, driven by strong growth in…


8 of the Craziest Natural Phenomena Out There (Photo Gallery)

1. Light Pillars It isn’t the Northern Lights, it’s a different phenomenon known as light pillars. In freezing temperatures, flat fluttering ice crystals may create a crystal fog near the ground. The crystals reflect lights from the ground up into pillar-like beams. Light pillars over Laramie, Wyoming, USA, on a very cold January night. (Christoph…


Rapid Cloud Expansion Making Businesses Vulnerable to Cyber-Attacks

With businesses around the globe—especially in the United States, Canada, and Western Europe—bracing for potential cyber-attacks orchestrated by Russia or its hackers, a leading cyber security firm is warning most software upgrades are not adequately addressing the most vulnerable component of the “modern cyber-attack surface.” Most business security policies and resilience upgrades are focused on…


Microsoft Looks to Use 5G Wireless to Make Cloud Faster

Microsoft Corp. looks to use the 5G equipment of partners like AT&T Inc. to provide some processing power located even closer to some customers than regional datacenters, Bloomberg reports. AT&T aims to bring private 5G wireless networks to businesses, universities, and the public sector, using Microsoft technology. Microsoft partner Lockheed Martin Corp. collaborated with Microsoft on highly secure 5G…


SAP Clocks 3 Percent Revenue Growth in Q4 Backed by Cloud Strength; Issues Robust FY22 Outlook; Aims to Acquire Taulia

SAP SE reported fourth-quarter FY21 revenue growth of 3 percent year-on-year to €7.98 billion at constant currencies. Cloud revenue increased 24 percent Y/Y to €2.61 billion at CC. S/4HANA cloud revenue grew 61 percent Y/Y to €329 million at CC. Software licenses revenue declined 17 percent Y/Y to €1.46 billion at CC. Cloud and software revenue…


Get Ready for a New Roaring Twenties

Commentary On New Year’s Eve of 2019, revelers gathered around the globe to ring in a new decade. Many jubilantly attended “Roaring Twenties” parties, adorned in elegant evening wear, cloche and Panama hats, and knickerbockers, harkening back to an exciting, culturally vibrant era of economic prosperity. But whatever veiled hopes partygoers had for a booming…


UBS Sees Cloud Growth Reacceleration to Lead to SAP’s Re-rating

UBS analyst Michael Briest upgraded SAP SE to Buy from Neutral with a price target of EUR 147, up from EUR 130, implying an 8.6 percent upside. The analyst believes a reacceleration of cloud growth will drive a re-rating of the shares in 2022. Briest is more confident in the benefit to revenues from backlog…


Analysis: Outage Shows How Amazon’s Complex Cloud Makes Backup Plans Difficult

Major companies using Amazon.com‘s data services got a painful lesson this week about how the complexity and market dominance of the company’s cloud unit make it difficult to back up their data with other providers, analysts and experts told Reuters. Amazon said that an “an impairment of several network devices” in its Amazon Web Services…


Amazon Cloud Shifts Focus on Health, Auto, Telecom to Beat Microsoft, Google

New Amazon.com Inc. cloud chief Adam Selipsky plans to tailor more products to specific sectors like the healthcare, automotive, and telecommunications industries shifting from its broader focus on popular customer solutions, Bloomberg reports. Rivals Microsoft Corp. and Alphabet Inc.’s Google also have been rolling out cloud packages designed for specific sectors. Microsoft offers targeted clouds…