Friday, October 21, 2016

Microsoft Shares Hit a High With Promise of the Cloud’s Profit Margins - The New York Times

Post-PC Microsoft momentum; also see Microsoft's cloud sales buffer Windows pain (USA Today)

"Microsoft has staked its future on cloud computing, the next big technology wave for companies, and is now telling investors more about how much money it’s making from the business.

It appears they like what they hear so far: Microsoft’s share price hit a high on Thursday — up 6 percent to more than $60 a share in after-hours trading — after the company released the financial results of its most recent quarter.

The last time Microsoft’s stock was this valuable was back in 1999, when Bill Clinton was still president, Mark Zuckerberg was in high school and the company was heading toward an antitrust showdown with the Department of Justice."
Microsoft Shares Hit a High With Promise of the Cloud’s Profit Margins - The New York Times
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