Ep 48: Massivesoft

Tech titan Microsoft booted up better-than-expected quarterly results, helping its stock rise…

Microsoft’s total profit was much higher than investors had forecast. The company’s fast-growing cloud computing segment continued its ascent, with sales eclipsing investors’ predictions.
A decision from a federal judge stands to improve its prospects further:
- rival Oracle saw its bid for an open $10 billion US government cloud computing contract thrown out.
- Microsoft now has a better chance of securing the contract – if it beats market leader Amazon to the punch…
Microsoft’s productivity and business software segment (including LinkedIn) also topped investors’ predictions. The writing was on the Worddocument earlier this month: Microsoft took Pages out of Apple’s playbook and revealed that its Teams product had 13 million daily users compared to its competitor Slack’s 10 million.

For markets: Microsoft may ctrl the stock market.

Many global investors take their buying and selling cues from the US stock market since it’s the biggest in the world. And as the largest public company in the US, Microsoft has a major influence over the direction of the country’s stock market as a whole.
Investors buying Microsoft’s stock after its update helped push the trillion-dollar company’s share price 1% higher – and that momentum may help lift stocks elsewhere on Friday.

The bigger picture: Rainclouds over SAP.

Europe’s biggest tech company, SAP, reported a smaller-than-expected increase in its second-quarter profit, and its shares fell 6%. Investors might’ve been worried that the tech giant’s plan to invest more heavily in cloud computing wasn’t bearing as much fruit as expected.
That may have prompted more investor questions about
- the billions SAP spent on cloud-related acquisitions last year, and
- whether they’ll amount to as much future profit as hoped.

Content source: Finimize. (2019) Massivesoft. Available from: https://www.finimize.com/wp/news/massivesoft/ [Accessed 19 July 2019]

with HT