Microsoft at All-Time High: Thank the Cloud

Interesting read regarding the latest MSFT results which which emphasises the importance of the cloud to Microsoft where obviously LVT is positioned.

As the company cuts its mobile hardware and Windows businesses, investors are confident in a refocus on enterprise solutions like Office 365 and Azure. For the most recent quarter, Azure revenue is up 116%, the “Intelligent Cloud” segment rose 8%, Office commercial revenue grew 5% and Office consumer revenue jumped 8%. On the other hand, Microsoft’s mobile business declined 72% this quarter, while its Surface business grew 38% year-over-year. Also assuring to investors is Microsoft’s improving commercial cloud profit margins, up from 42% in the previous quarter to 49% in the most recent quarter.

Read here.