The Lighter Side Of The Cloud – Data Security
The Lighter Side Of The Cloud – Stuff
The Lighter Side Of The Cloud – Apple Pay

Analysts encouraged by Microsoft’s ‘cloud’ progress

SEATTLE (MarketWatch) — Wall Street analysts came away from Microsoft Corp.’s annual gathering encouraged by the company’s progress in adapting to a market in which software applications are increasingly delivered online, according to research reports published Friday.

Microsoft increasingly has been moving into so-called cloud computing, where software is accessed through an Internet connection, rather than installed in a user’s computer.

Younger rivals including Google Inc. (GOOG 484.85, -0.14, -0.03%) , Amazon.com Inc. (AMZN 117.89, +1.03, +0.88%) and Salesforce.com Inc.  (CRM 98.95, +1.16, +1.19%) have sought to expand the cloud-computing market, while Microsoft has endeavored to alter its own approach to keep pace.

Jefferies & Co. analyst Katherine Egbert pointed out that investors are shifting money out of Microsoft shares, based on concerns about how the company will develop new ways of making money.

Shares of Microsoft have fallen roughly 15% in the past three months, compared with a roughly 8% decline for the Nasdaq Composite Index (COMP 2,255, +3.01, +0.13%) over the same period. The stock closed Friday down slightly, at $25.81.

But Egbert wrote in a research note that concerns about Microsoft may be exaggerated, as the company has a history of adopting “technologies, mostly invented by others, to the mass market.”

Cloud evolution

“We’re going to lead with the cloud,” Microsoft Chief Operating Officer Kevin Turner said at the company’s annual analyst meeting Thursday, while noting successes in vying for cloud-computing contracts against Google and International Business Machines Corp.
Microsoft “appears to be holding their own competitively” in cloud computing, Deutsche Bank analyst Todd Raker told clients in a note. “The bottom line is we believe the cloud is evolving from a secular threat to an opportunity” for the company.

However, Raker also acknowledged that the timing of any significant economic benefit from Microsoft’s cloud-computing effort remains “unclear,” noting that “we get significant pushback from investors on near-term reasons to own the stock.”

Some analysts argued that investors may not yet fully appreciate Microsoft’s Windows Azure platform service, which includes cloud computing and storage for customers hosted at the company’s data centers.

“While the buzz has picked up around Azure over the past 12 months, we do not believe the company gets enough credit,” Oppenheimer analyst Brad Reback told clients in his own research note.

“Azure should be a net revenue and profit creator” as more corporate customers snap up the service, he said.

Source: MarketWatch

Follow Us

CloudBuzz

CloudBuzz is an exceptional place to discover trending stories from around the world and be on top of new technologies each and every day. Here, you can find what is trending from some of the largest technology influencers such as Wired, Forbes, MIT, Gartner, IDC and many more. Stories will be a blend of aggregated and curated pieces for quick easy viewing on topics such as Cloud Computing, Wearable Technology, Internet of Things, Virtual Reality and much more...
Follow Us

One Response to Analysts encouraged by Microsoft’s ‘cloud’ progress

Recent

Beyond Gaming: Three Practical Applications For Oculus Rift

Beyond Gaming: Three Practical Applications For Oculus Rift

Three Practical Applications For Oculus Rift  Since the announcement of the Oculus Rift in 2012 gamers and game developers alike have been frenzied trying to both get their hands on the unit or build their own proprietary VR machine. The VR gold rush has since lead to the announcement of Project Morpheus from Sony and…

The Lighter Side Of The Cloud – Due Diligence

The Lighter Side Of The Cloud – Due Diligence

By David Fletcher Please support our comics by sharing, licensing or visiting our cloud sponsors (Below). Your support goes a long way in allowing us to continue to produce our lighthearted comics each week.   About Latest Posts Follow UsCloudBuzzCloudBuzz is an exceptional place to discover trending stories from around the world and be on…

Popular

4 Different Types of Attacks – Understanding the “Insider Threat”

4 Different Types of Attacks – Understanding the “Insider Threat”

Understanding the “Insider Threat”  The revelations that last month’s Sony hack was likely caused by a disgruntled former employee have put a renewed spotlight on the insider threat. The insider threat first received attention after Edward Snowden began to release all sorts of confidential information regarding national security. While many called him a hero, what…

Three Factors for Choosing Your Long-term Cloud Strategy

Three Factors for Choosing Your Long-term Cloud Strategy

Choosing Your Long-term Cloud Strategy A few weeks ago I visited the global headquarters of a large multi-national company to discuss cloud strategy with the CIO. I arrived 30 minutes early and took a tour of the area where the marketing team showcased their award winning brands. I was impressed by the digital marketing strategy…

Cloud Computing Services Perfect For Your Startup

Cloud Computing Services Perfect For Your Startup

Cloud Computing Services Perfect For Your Startup Chances are if you’re working for a startup or smaller company, you don’t have a robust IT department. You’d be lucky to even have a couple IT specialists. It’s not that smaller companies are ignoring the value and importance of IT, but with limited resources, they can’t afford…

5 Ways The Internet of Things Will Drive Cloud Growth

5 Ways The Internet of Things Will Drive Cloud Growth

5 Ways The Internet of Things Will Drive Cloud Growth The Internet of Things is the latest term to describe the interconnectivity of all our devices and home appliances. The goal of the internet of things is to create universal applications that are connected to all of the lights, TVs, door locks, air conditioning, and…

Cloud Infographic – The Future (IoT)

Cloud Infographic – The Future (IoT)

The Future (IoT) By the year 2020, it is being predicted that 40 to 80 billion connected devices will be in use. The Internet of Things or IoT will transform your business and home in many truly unbelievable ways. The types of products and services that we can expect to see in the next decade…

Sponsored Posts

How To Keep A Cloud (And Your Data) Inside Your Borders

How To Keep A Cloud (And Your Data) Inside Your Borders

The Cloud And Your Data One of the greatest challenges for companies considering a move to the cloud is in its very global and seemingly borderless nature. As an Internet-based technology, it is easy to assume that any data sent from A to B can take any one of a thousand paths, routed through cities…

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Bluesquare_logo_100x100-01
cisco_logo_100x100 vmware citrix100
Site 24x7


Contributor Spotlight

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Branded Content Programs

Advertising