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Microsoft Businesses Cloud

Microsoft Shares Hit All-Time High As Company Strengthens Its Cloud Grip (usatoday.com) 43

Marco della Cava, reporting for USA Today: Microsoft shares surged 5% in early trading Friday, and passed a high set in 1999, helped by enthusiasm for progress in its cloud business. The stock was at up at $60.11, breezing past the $58.72 mark set in December 1999. Friday's rally follows Microsoft's latest quarterly report, out late Thursday, that beat analyst expectations for adjusted sales and profit and showcased a doubling of growth in its Azure cloud business, while reflecting continued strain from consumers' pivot away from PCs and traditional software purchases.Microsoft reported its Q1 2017 earnings yesterday, noting a revenue of $20.5 billion, which was higher than Wall Street's expectations. Company's Intellgent Cloud revenue was up 8 percent, whereas Azure revenue observed 116 percent growth year-on-year.
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Microsoft Shares Hit All-Time High As Company Strengthens Its Cloud Grip

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  • Why does anyone care about revenue? I look at the operating income and both in cloud and in general, Microsoft is making considerably (several hundreds of millions) less this year on its services than the year before.

    • Because you don't invest in revenue of today. You invest in ideas of tomorrow.

      And cloud is a cool buzzword.

      I'm only half joking here. Those people who look at day to day revenue are not the ones who get wealthy investing. It's the risk takers who see the bigger picture that get wealthy or die trying.

      • by HBI ( 604924 )

        All of the long term wealthy people I know are in safe investments - mostly dividend paying stock issues and real estate.

        Gamblers play for growth because they have nothing really to lose.

        • All of the long term wealthy people I know are in safe investments - mostly dividend paying stock issues and real estate.

          Gamblers play for growth because they have nothing really to lose.

          That's nice. Most of long term filthy stupidly wealthy people in the world are the opposite. They struck luck on a big investment that paid off, and had you bought MS shares last year you'd now be 30% richer and far richer than if you had put your money in an indexed fund.

    • They're opening new data centres all the time. I'd imagine those aren't free.

  • A fool and his money...
    • A fool and his money...

      ...don't consider Microsoft products because of bias?

      That's where you were going with that, right?

    • by rtb61 ( 674572 )

      In this case a pretty scamming pump up the stock price upon the back of http://www.afr.com/technology/... [afr.com] a 40 billion dollar stock buy back. That is 40 billion dollars fewer shares in the market on top of the impact of buying those shares. So completely bullshit story and as soon as I read it, I did a search for "microsoft stock buyback" because I just knew, so obvious and they also raised their dividend. So that price will drop real quick once the stock buyback runs out and the dividend has been paid.

    • A fool and his money...

      Are easily multiplied.

      Was that what you were about to say? After all if you bought shares at the time where all the news articles were saying Windows 10 is a disaster with slow uptake, user hate, and malware you would have made a 35% ROI in just over a year. That's good money right there.

  • by acoustix ( 123925 ) on Friday October 21, 2016 @12:36PM (#53123207)

    Didn't Microsoft split their stock in the early 2000's? If so, this article doesn't apply.

    Can we please get real reporting from real journalists?

    • by cdrudge ( 68377 )

      Yes. February 18, 2003 was the only split since their previous "high" Dec 23, 1999.

      I think as long as it's clear that previous stock prices and/or volume data have been adjusted for splits an "all time high" still is valid even if it's not technically the highest price it ever traded at.

  • Since the PC is dying (right?) and is gonna make them less and less money they could've left Windows alone. Instead of that they had to turn it into a smartphone OS: Constantly spying the user, pushing ads and services upon the user abd pushing towars touch-first UIs.
    They could've included the Win7 UI as a gesture to those of us who don't use our PC with a touchscreen.
  • by PeeAitchPee ( 712652 ) on Friday October 21, 2016 @01:46PM (#53123967)
    You can't buy your software anymore, you just rent it. That means you can't just pay once and do whatever you want with that license -- you keep paying, forever (way more than you would have under the old "buy a copy of version x" model) and, being that this software is constantly phoning home to Microsoft, can be changed, cut off, etc. at their whim (as well as more easily hacked / hijacked). Adobe, Intuit, and others of the old desktop software brigade are all moving to this model. It's great for them because of the recurring cash flow, but exactly what is the benefit for the end user besides promised "upgrades"? Do we really need another version of Word (God no -- quit changing it and forcing us to re-learn your shitty interface!)? Did Generally Accepted Accounting Principles change that much that a new major version of QuickBooks is required every year? This should be a huge slam dunk opportunity for the open source desktop software community.
    • by Anonymous Coward

      You got it in one, my friend. Nailed it.

      People are too blind or too apathetic to see this. I've been in IT for 3 decades and I can tell you that we are heading down a fairly dangerous path where no one controls their own data, where it's housed, who has access. Any of these companies could be severely compromised despite their promise of at-rest encryption, moving encryption, employee background checks. None of this matters a whit if you are not in control of your data 24/7/365.

      These cloud providers change

    • I concur that the benefits of "upgrades" have been a matter of diminishing returns for quite some time now. Even if there's upgrades and features now, I worry that in five years from now, the real value will be "not losing access to your data".I share your staunch aversion to software subscriptions for that reason.

      The problem with relying on the Open Source community to fill the vacuum is that there are lots and lots of factors that are involved. People genuinely do appreciate and benefit from ubiquitous ac

  • "Microsoft shares surged 5% in early trading Friday, and passed a high set in 1999"

    Do you mean Microsoft shares are back at 1999 prices.

Work is the crab grass in the lawn of life. -- Schulz