Microsoft Earns Buy Rating Die to Cloud Computing Growth
According to Atlantic Equities, Azure has replaced the Windows as Microsoft’s key enterprise offering and is set to the top $100 billion in revenue over the next decades. Microsoft’s conversion into the cloud-based technology which opens up new, profitable markets for the software giant which gave its stock as an overweight rating, according to the Atlantic Equities. The analyst James Cordwell recently said to clients in a post that the company’s organizational changes for the better capitalize on its cloud computing businesses which are known as Azure and is set to be a key profit driver. And the previously rating of the firm’s under another analyst was neutral. Cordwell also wrote that Azure had replaced the Windows as the platform supporting Microsoft’s enterprise offering, and they predict, it is exceeding approximately $100 billion in revenue over the next decade. With the Office 365, now the Microsoft has established a very strong position in the software as a service mark...