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Oppenheimer Maintains Bullish View on Microsoft (MSFT) Post Q2
January 29, 2016 6:22 AM ESTOppenheimer analyst Shaul Eyal reiterated an Outperform rating and $56 price target on Microsoft (NASDAQ: MSFT) following solid quarterly results.
Eyal commented, "MSFT's ongoing transition under CEO Nadella continues to make headway into new territories. 2QFY16 results recorded healthy revenue and op. margin... More
Microsoft's secret weapon for growth in the cloud: email
January 29, 2016 4:59 AM ESTBy Sarah McBride
SAN FRANCISCO (Reuters) - In reporting better-than-expected fiscal second-quarter earnings on Thursday, Microsoft Corp. CEO Satya Nadella touted his company's success in the cloud.
"Businesses everywhere are using the Microsoft Cloud as their digital platform to drive their ambitious transformation agendas," he said.
What he did not mention was the role that one of the company's much older products played in the success of this new technology: Microsoft Exchange Server, which many of the world's largest companies rely on for email services.
When companies begin moving data to the cloud, typically... More
Microsoft (MSFT) Tops Q2 EPS by 7c
January 28, 2016 4:06 PM EST(Updated - January 28, 2016 4:07 PM EST)
Microsoft (NASDAQ: MSFT) reported Q2 EPS of $0.78, $0.07 better than the analyst estimate of $0.71. Revenue for the quarter came in at $25.7 billion versus the consensus estimate of $25.26 billion.
Businesses everywhere are using the Microsoft Cloud as their digital platform to drive their ambitious transformation agendas, said Satya Nadella, chief executive officer at Microsoft. Businesses are also piloting Windows 10, which will drive deployments... More
Facebook 'likes' push Wall Street higher
January 28, 2016 7:38 AM ESTBy Noel Randewich
(Reuters) - Wall Street climbed on Thursday as a blockbuster quarterly report from Facebook drove tech shares higher and a bounce in oil prices propped up the beleaguered energy sector.
Facebook (NASDAQ: FB) surged 15.5 percent in its biggest one-day leap since 2013 after the digital advertising behemoth smashed expectations with a 52-percent jump in fourth-quarter revenue.
Helped also by a 4.28-percent gain in Alphabet (NASDAQ: GOOGL), the S&P tech sector surged 1.48 percent.
The S&P energy sector... More
