Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      MultiChoice: We can’t afford to compete without help

      17 July 2025

      The internet’s weakest link is under the ocean

      17 July 2025

      AI misuse shakes South African courtrooms

      17 July 2025

      Boom gates go hi-tech at South African malls

      17 July 2025

      Megayachts and mansions: the lavish life of 80-year-old Larry Ellison

      17 July 2025
    • World

      Grok 4 arrives with bold claims and fresh controversy

      10 July 2025

      Samsung’s bet on folding phones faces major test

      10 July 2025

      Bitcoin pushes higher into record territory

      10 July 2025

      OpenAI to launch web browser in direct challenge to Google Chrome

      10 July 2025

      Cupertino vs Brussels: Apple challenges Big Tech crackdown

      7 July 2025
    • In-depth

      The 1940s visionary who imagined the Information Age

      14 July 2025

      MultiChoice is working on a wholesale overhaul of DStv

      10 July 2025

      Siemens is battling Big Tech for AI supremacy in factories

      24 June 2025

      The algorithm will sing now: why musicians should be worried about AI

      20 June 2025

      Meta bets $72-billion on AI – and investors love it

      17 June 2025
    • TCS

      TCS+ | Samsung unveils significant new safety feature for Galaxy A-series phones

      16 July 2025

      TCS+ | MVNX on the opportunities in South Africa’s booming MVNO market

      11 July 2025

      TCS | Connecting Saffas – Renier Lombard on The Lekker Network

      7 July 2025

      TechCentral Nexus S0E4: Takealot’s big Post Office jobs plan

      4 July 2025

      TCS | Tech, townships and tenacity: Spar’s plan to win with Spar2U

      3 July 2025
    • Opinion

      A smarter approach to digital transformation in ICT distribution

      15 July 2025

      In defence of equity alternatives for BEE

      30 June 2025

      E-commerce in ICT distribution: enabler or disruptor?

      30 June 2025

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » IT services » Microsoft results could take valuation above $1-trillion

    Microsoft results could take valuation above $1-trillion

    By Agency Staff24 April 2019
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp

    Microsoft analysts expect strong third quarter results from the company on Wednesday as its cloud computing division continues to see rapid growth.

    The report could extend a rally that has lifted Microsoft shares more than 33% off a December low. Microsoft closed at a record on Tuesday and the company’s market capitalisation is within 4% of US$1-trillion. Shares were down 0.3% ahead of the results on Wednesday.

    Analysts are expecting broad strength in the quarter, but sales of the company’s Azure cloud computing product are likely the most highly anticipated number in the report.

    Microsoft closed at a record on Tuesday and the company’s market capitalisation is within 4% of $1-trillion

    Wedbush analyst Daniel Ives forecast “a solid beat across the board on both the top and bottom line”, with cloud strength acting as “the fuel in the tank”.

    According to estimates compiled by Bloomberg, Azure is expected grow more than 68% on a year-over-year basis. While this represents a slowdown from the 93% growth reported a year ago, the bigger scale underlines Microsoft’s central position in a key sub-sector of the IT ecosystem, one dominated by Amazon Web Services only a few years ago.

    Cloud growth

    The Intelligent Cloud division accounted for 29.2% of Microsoft’s 2018 revenue, according to Bloomberg data, up from 25.3% in 2015. KeyBanc Capital Markets’ Brent Bracelin wrote that the cloud business had “structurally improved Microsoft’s growth trajectory”, creating the prospect of sustained double-digit annual growth. Goldman Sachs wrote that Azure’s positive momentum is “enabling the company to significantly outpace the overall market’s growth”.

    Earnings are seen rising 4.9% in the quarter, while revenue gains 11.3%. That represents the slowest quarterly pace of year-over-year revenue growth since 2017, per Bloomberg data, but Mizuho Securities called it strong “for a company its size”.  — Reported by Ryan Vlastelica, (c) 2019 Bloomberg LP



    Microsoft
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleTim Cook renews call for tech to be regulated
    Next Article Samsung plans R1.7-trillion splurge on chips to take on Intel

    Related Posts

    Microsoft South Africa to get new MD as Lillian Barnard moves to regional role

    14 July 2025

    AI gold rush propels Nvidia to record $4-trillion market cap

    9 July 2025

    Jony Ive’s first AI gadget could be … a pen

    30 June 2025
    Company News

    SA businesses embrace gen AI – but strategy and skills are lagging

    17 July 2025

    Ransomware in South Africa: the human factor behind the growing crisis

    16 July 2025

    Mental wellness at scale: how Mac fuels October Health’s mission

    15 July 2025
    Opinion

    A smarter approach to digital transformation in ICT distribution

    15 July 2025

    In defence of equity alternatives for BEE

    30 June 2025

    E-commerce in ICT distribution: enabler or disruptor?

    30 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.