Will—or should—Microsoft change its name to Microcloud? That was the question asked by J. Gold Associates’ principal analyst, Jack Gold, as the pioneering software company continues to make huge earnings from its major shift to cloud computing.
Channel News Asia reports on the sterling figures: recent quarterly earnings in revenue amounting to $23.3 billion, and a profit of $6. 5 billion for the same period. A healthy $7.2 billion was derived from its recent and increasing ventures into the cloud computing systems, headed by its flagship Microsoft Azure.
Microsoft (NASDAQ:MSFT) prefers to categorize its product as “intelligent cloud” because it has an artificially intelligent software that can analyze the data that is stored in the cloud system. In turn, it presents that analysis to customers and clients for their use, such as decision-making. Tech Crunch adds that Microsoft Azure has been the company’s main driver for business in recent years with a consistent 100 percent growth every year. It also notes that another cloud-based product, Office 365, keeps on soaring – the number of users has reached more than 27 million, and profits of the brand have jumped by 21 percent to a value of $8.4 billion.
Microsoft’s cloud computing systems have given it a comeback that only a few thought possible. It had been regarded as an also-ran after Google, Facebook, and other more innovative competitors caught a large share of the internet-using market. It was Azure that has brought Microsoft back into the game, and not surprisingly, the organization is investing significantly in the cloud and other cloud-based projects.
The intensity by which it has pursued this direction has made others wonder. Would the tech giant use the cloud to totally replace the core business that it has been known for? Namely, the manufacture and distribution of software solutions through the traditional on-premise, non-cloud way.
If this path does continue to prove lucrative to Microsoft—and chances are it will—then a subtle name-change, or at least a new tagline, can announce its new leadership position, how it got there, and how it intends to maintain the same.
Digitization of financial services gives wings to fintech companies to reinvent the industry
Creators of increasingly popular solutions such as mobile applications and digital payments, the leaders of the fintech ecosystem will play...
Fellow Funders opens real estate crowdfunding division
The financial company Fellow Funders opens a new line of real estate business with the crowdfunding of $1 million (€870,000)...
Why the FAANGs have led the way upward
The NYSE FANG Index is the subject of our “Chart of the Week.” High tech rules. But will it continue?...
Gold market is holding strong
For the past eight months the bears have been unable to get the price of gold to correct by 20%....
API fintech TrueLayer cashes in on new $70m round lead by Addition
The injection of new capital will be used to accelerate the global expansion and development of premium open banking services,...
Crypto7 days ago
Ethereum is more similar to a real currency than Bitcoin, says Mark Cuban
Featured7 days ago
Why are chart trends for cocoa futures still down
Featured7 days ago
Wendel integrates ESG into the financial terms of its undrawn syndicated loan
Crowdfunding7 days ago
CrowdFundMe places clothing brand distribution 3A Sport’s minibond