Credit Suisse raises Microsoft forecast, expects cloud revenue to reach $100 billion in five years

South Africa News News

Credit Suisse raises Microsoft forecast, expects cloud revenue to reach $100 billion in five years
South Africa Latest News,South Africa Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Credit Suisse raised its target for Microsoft's stock after a survey of executives suggests a 'strong 2020' for the technology giant.

shares after the firm's survey of executives suggests a "strong 2020" for the technology giant, especially in the realm of cloud computing services.

Microsoft's Azure was the top pick among information technology companies looking to spend more on a cloud service, according to Credit Suisse's survey of chief information officers . "Our analysis suggests Microsoft can reasonably achieve Commercial Cloud revenues of $100 Billion" by fiscal year 2024, Credit Suisse analyst Brad Zelnick said in a note to investors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Last chance: Receive a $100 Away credit with the Amex Green Card before the deal expiresLast chance: Receive a $100 Away credit with the Amex Green Card before the deal expiresNew applicants for the Amex Green Card can receive a $100 statement credit toward Away luggage through 1/15/20. Here's how to earn the credit before the deal expires.
Read more »

Roger Federer responds to Greta Thunberg and other climate activists over Credit Suisse criticismRoger Federer responds to Greta Thunberg and other climate activists over Credit Suisse criticismEnvironmental activists have called for Federer to cut ties with a company that has invested millions in fossil fuel.
Read more »

Trump Takes Credit For Declining Cancer Rates, The American Cancer Society Shuts Him DownTrump Takes Credit For Declining Cancer Rates, The American Cancer Society Shuts Him DownTrump believes his administration has something to do with cancer deaths declining -- since 1991.
Read more »

Credit Karma using influencers to push products for growth - Business InsiderCredit Karma using influencers to push products for growth - Business InsiderThere's been buzz about a 2020 IPPO, though Credit Karma's CEO has said he sees listing as a means, not an end, and is more focused on new products.
Read more »

The Milky Way Is Gaining New Stars From A Collision That Hasn't Even Occurred YetThe Milky Way Is Gaining New Stars From A Collision That Hasn't Even Occurred YetWithin the next billion years, the Magellanic Clouds might merge with our galaxy. But the new stars are already here.
Read more »



Render Time: 2025-03-17 15:34:12