Big Tech Can’t Easily Fix the Stock Market’s Woes This Time

Text size E-commerce sales have slowed as consumers have returned to shopping in stores. David Paul Morris / Bloomberg Heading into the latest earnings season, there was optimism on Wall Street that the tech giants would save the day. No other companies seemed better positioned to deal with the myriad issues plaguing the financial markets. … Read more

5 Lessons From Big Tech Earnings

Text size E-commerce sales have slowed as consumers have returned to shopping in stores. David Paul Morris / Bloomberg Heading into the latest earnings season, there was optimism on Wall Street that the tech giants would save the day. No other companies seemed better positioned to deal with the myriad issues plaguing the financial markets. … Read more

Microsoft- Activision Blizzard Deal Will Fail

Activision Blizzard Inc. shareholders approved the company’s $ 69 billion sale to Microsoft Corp on Thursday. Activision Blizzard Inc. shareholders approved the company’s $ 69 billion sale to Microsoft Corp on Thursday, but Wall Street is betting that Biden antitrust enforcers could unravel one of the largest mergers in US history. Microsoft’s $ 95 offer … Read more

Microsoft, chipmakers’ hit by China leader Xi Jinping enforced Covid lockdowns

Companies from Microsoft to Texas Instruments that long benefited from supply chains that run through China are now paying a price for China leader Xi Jinping enforced Covid lockdowns. Companies from Microsoft Corp. to Texas Instruments Inc. that long benefited from supply chains that run through China are now paying a price for the country’s … Read more

Microsoft’s Landmark Quarter Proves the Cloud Story Is Still on the Rise

Text size Microsoft’s logo. Gerard Julien / AFP via Getty Images The cloud-computing revolution continues apace. Earnings reports from both Microsoft and Alphabet on Tuesday provided compelling fresh evidence that enterprise-technology spending continues to shift aggressively to the cloud giants, including Microsoft Azure, Google Cloud and Amazon . com’s Amazon Web Services. In a world … Read more

Microsoft Q1 earnings rose on cloud computing

SAN FRANCISCO: Microsoft reported strong quarterly earnings on Tuesday (Wednesday in Manila), powered by demand for cloud computing. The technology titan made a profit of $ 16.7 billion on revenue of $ 49.4 billion in the first three months of 2022, 8 percent and 18 percent, respectively, more than a year earlier. “Going forward, digital … Read more

Microsoft Cloud Growth Propels Quarterly Sales, Earnings

Microsoft Corp. reported quarterly sales and earnings that topped analysts’ projections, fueled by robust growth in cloud-services demand. Shares jumped as much as 6.9% in late trading. Microsoft Corp. reported quarterly sales and earnings that topped analysts’ projections, fueled by robust growth in cloud-services demand. Shares jumped as much as 6.9% in late trading. Revenue … Read more

Microsoft Stock Rises on Cloud Growth, Alphabet Tumbles on a YouTube Miss

Text size Coming into Wednesday’s trading, Microsoft stock has fallen almost 20% year to date. Gerard Julien / AFP via Getty Images Microsoft shares were rising early Wednesday, with the software maker getting a boost from better-than-expected guidance for its fiscal fourth quarter, and strong demand for its cloud services. Shares of Alphabet (ticker: GOOGL) … Read more

What Disney Can Teach Microsoft in the Gaming Wars

Buying up dusty franchises can pay off. And there may still be Star Wars-like gems languishing out there. Good content is hard to find. Look at Microsoft Corp. It’s paying $ 69 billion to acquire Activision Blizzard Inc. – and by extension, the rights to that company’s marquee videogame franchises, including Call of Duty. That’s … Read more

TPG Telecom’s private cloud service to boost competition in Queensland

TPG Telecom launches a private cloud service region in Brisbane to help businesses and local councils in Queensland gain access to cloud computing services. For Moreton Bay Regional Council, leveraging TPG’s private cloud services means they can benefit from on-premises IT services — including high bandwidth, low latency on-demand compute, and storage from highly secure … Read more