Microsoft revenue beats as remote work feeds cloud demand, boosts Teams [Toronto Globe and Mail (Ontario, Canada)]
Zoom Video Communications, Inc. - Class A (ZM)
Last zoom video communications, inc. - class a earnings: 3/4 04:20 pm
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Source: Toronto Globe and Mail
Microsoft revenue beats as remote work feeds cloud demand, boosts Teams Microsoft Corp on Wednesday beat Wall Street sales and profit expectations, powered by sharp demand for its Teams chat and online meeting app and Xbox gaming services as the world shifted to working and playing from home because of the novel coronavirus pandemic. The company’s shares, which have risen over 12 per cent this year, were up about 5 per cent in extended trading. The results reflect Chief Executive Satya Nadella’s focus over his six-year tenure on cloud computing, in which companies tap Microsoft’s data centres for computing power – a growing business dominated by Amazon.com Inc’s Amazon Web Services. The results benefited from sales of its Windows operating system and Surface hardware devices as people upgraded personal computers to work from home. In addition to consumers tapping laptops for school or work, Microsoft also said it saw all-time-high engagement on its Xbox Live gaming service, with 19 mi
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ZM
News
- Zoom Video Communications, Inc. (NASDAQ: ZM) was upgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to a "buy" rating. They now have a $100.00 price target on the stock, up previously from $85.00.MarketBeat
- Zoom Video Communications, Inc. (NASDAQ: ZM) had its price target raised by analysts at Morgan Stanley from $86.00 to $96.00. They now have an "equal weight" rating on the stock.MarketBeat
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ZM
Earnings
- 11/25/24 - Beat
ZM
Sec Filings
- 12/11/24 - Form 4
- 12/11/24 - Form 4
- 12/11/24 - Form 4/A
- ZM's page on the SEC website